Century Enka Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 02, 2023 at 04:23 am EDT
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Century Enka Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,964 million compared to INR 5,633.9 million a year ago. Revenue was INR 4,081.9 million compared to INR 5,681.2 million a year ago. Net income was INR 42.9 million compared to INR 255.6 million a year ago. Basic earnings per share from continuing operations was INR 1.96 compared to INR 11.74 a year ago.
For the six months, sales was INR 8,249 million compared to INR 11,311.8 million a year ago. Revenue was INR 8,454 million compared to INR 11,391.7 million a year ago. Net income was INR 178.1 million compared to INR 658.6 million a year ago. Basic earnings per share from continuing operations was INR 8.15 compared to INR 30.14 a year ago.
Century Enka Limited is engaged in the manufacturing and selling of synthetic yarn and related products. The Companyâs products include Nylon filament yarn, Mother yarn, Multifilament Yarns, Fully Drawn Yarn, Partially Oriented Yarn (POY), High Oriented Yarn, Drawn Textured Yarn, Air Textured Yarn, Draw Winder, Greige Fabric and Dipped Fabric. It offers nylon filament yarn, a long continuous lustrous fiber, which is used to produce a range of textile fabrics, such as sarees, draperies, furnishings and upholstery, sportswear, mosquito nets and also for embroidery. It provides quality nylon tire cord fabrics for reinforcement of tires, which are used in motorcycles, scooters, light commercial vehicles (LMVs), heavy commercial vehicles (HCVs) and off the road (OTR). It produces a range of nylon processed yarns for various application areas under the Enkalon brand. The Companyâs manufacturing sites are located at Pune (Maharashtra) and Rajashree Nagar (Bharuch-Gujarat).
CENTURY ENKA LIMITED 
