Filatex India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 04, 2023 at 03:58 am EST
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Filatex India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 10,703.8 million compared to INR 10,742.2 million a year ago. Revenue was INR 10,640.8 million compared to INR 10,871.8 million a year ago. Net income was INR 27.4 million compared to INR 982.5 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to INR 2.2 a year ago. Diluted earnings per share from continuing operations was INR 0.06 compared to INR 2.19 a year ago.
For the nine months, sales was INR 32,570.9 million compared to INR 27,380.8 million a year ago. Revenue was INR 32,678.8 million compared to INR 27,603.8 million a year ago. Net income was INR 713.1 million compared to INR 2,241.7 million a year ago. Basic earnings per share from continuing operations was INR 1.6 compared to INR 5.02 a year ago. Diluted earnings per share from continuing operations was INR 1.6 compared to INR 5 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.