Chemplast Sanmar Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 08:04 am EST
Share
Chemplast Sanmar Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 8,881 million compared to INR 11,885.8 million a year ago. Revenue was INR 9,007.5 million compared to INR 12,051 million a year ago. Net loss was INR 893.8 million compared to net income of INR 271.4 million a year ago. Basic loss per share from continuing operations was INR 5.65 compared to basic earnings per share from continuing operations of INR 1.72 a year ago. Diluted loss per share from continuing operations was INR 5.65 compared to diluted earnings per share from continuing operations of INR 1.72 a year ago.
For the nine months, sales was INR 28,722.6 million compared to INR 37,942.5 million a year ago. Revenue was INR 29,401.1 million compared to INR 38,432.1 million a year ago. Net loss was INR 1,273 million compared to net income of INR 1,062.7 million a year ago. Basic loss per share from continuing operations was INR 8.05 compared to basic earnings per share from continuing operations of INR 6.72 a year ago. Diluted loss per share from continuing operations was INR 8.05 compared to diluted earnings per share from continuing operations of INR 6.72 a year ago.
Chemplast Sanmar Limited is an India-based company that is primarily engaged in manufacturing of specialty chemicals, such as specialty paste polyvinyl chloride (PVC) resin and custom manufactured chemicals for the agrochemical, pharmaceutical and fine chemicals sectors. The Company also produces other chemicals, such as caustic soda, chlorochemicals, hydrogen peroxide, refrigerant gas and industrial salt. Its chlorochemicals division manufactures a range of products using an integrated manufacturing process. Its hydrogen peroxide is a chemical used in various industries, including pulp and paper, textile and water treatment for chemical synthesis, sterilization, bleaching, effluent treatment and others. The Companyâs custom manufactured chemical products include organic chemicals and phyto chemicals. The Companyâs manufacturing facilities are located at Mettur, Berigai and Vedaranyam in Tamil Nadu and Karaikal in the Union Territory of Puducherry.