DCW Limited Reports Earnings Results for the Second Quarter and Half Year Ended September 30, 2023
November 08, 2023 at 02:30 am EST
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DCW Limited reported earnings results for the second quarter and half year ended September 30, 2023. For the quarter, the company reported sales was INR 4,140.876 million compared to INR 14,664.33 million a year ago. Revenue was INR 8,604.59 million compared to INR 14,735.64 million a year ago. Net income was INR 126.51 million compared to INR 1,084.09 million a year ago. Basic earnings per share from continuing operations was INR 0.43 compared to INR 3.67 a year ago. Diluted earnings per share from continuing operations was INR 0.43 compared to INR 3.67 a year ago.
For the half year, the company reported sales was INR 8,521.29 million compared to INR 14,664.33 million a year ago. Revenue was INR 8,604.59 million compared to INR 14,735.64 million a year ago. Net income was INR 126.51 million compared to INR 1,084.09 million a year ago. Basic earnings per share from continuing operations was INR 0.43 compared to INR 3.67 a year ago. Diluted earnings per share from continuing operations was INR 0.43 compared to INR 3.67 a year ago.
DCW Limited is an India-based multi-products chemical company. The Company is engaged in the manufacture and sale of chemicals, such as soda ash, caustic soda, synthetic rutile, and others. The Companyâs segments include Soda Ash, Caustic Soda, Synthetic Iron Oxide Pigments, PVC, CPVC, and Others. Its commodity chemicals include soda ash, caustic soda, and poly vinyl chloride (PVC). Its intermediate chemicals include liquid chlorine, hydrochloric acid, trichloroethylene, utox, ferric chloride, and sodium bicarbonate, among others. The Company's specialty chemicals include synthetic rutile, synthetic iron oxide pigment (SIOP) and chlorinated poly vinyl chloride (C-PVC). The Company also manufacturers niche specialty chemicals in India. The Company has a diversified portfolio with over 12 products and a distribution network spanning over 12 countries with a major presence in the United States, Europe, Japan, Malaysia, and Netherlands.