Filatex India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 08, 2022 at 09:10 am EST
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Filatex India Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 11,634.2 million compared to INR 9,649.5 million a year ago. Revenue was INR 11,739.2 million compared to INR 9,717.3 million a year ago. Net income was INR 251.6 million compared to INR 737.8 million a year ago. Basic earnings per share from continuing operations was INR 0.565 compared to INR 1.66 a year ago. Diluted earnings per share from continuing operations was INR 0.565 compared to INR 1.655 a year ago.
For the six months, sales was INR 21,867.1 million compared to INR 16,638.6 million a year ago. Revenue was INR 22,038 million compared to INR 16,732 million a year ago. Net income was INR 685.5 million compared to INR 1,259.2 million a year ago. Basic earnings per share from continuing operations was INR 1.54 compared to INR 2.83 a year ago. Diluted earnings per share from continuing operations was INR 1.535 compared to INR 2.82 a year ago.
Filatex India Limited is an India-based company, which is engaged in the manufacture and trading of synthetic yarn and textiles. The Company manufactures polyester and polypropylene multifilament yarn, and polyester chips. It manufactures a variety of synthetic yarns, which consists of polyester partially oriented yarns (POY), polyester filament yarns, fully drawn yarns (FDY), drawn textured yarn (DTY), air textured yarn (ATY), polypropylene yarn (PPY) and narrow woven fabrics (NWF). The Company also provides specialty products, including filigree, ocean, chubby yarn, cotslon, soie FIL and Flexi FIL. Its range of POY includes semi-dull, black dope dyed, bright, FDY bright and FDY colored. It offers its clients textured yarns in all permutations and combinations, which include set, intermingled, crimped and interlaced type in semi-dull finish.
FILATEX INDIA LIMITED 
