Mayur Uniquoters Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
August 08, 2022 at 06:43 am EDT
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Mayur Uniquoters Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 2,004.43 million compared to INR 1,181.47 million a year ago. Revenue was INR 2,049.85 million compared to INR 1,239.26 million a year ago. Net income was INR 270.97 million compared to INR 140.03 million a year ago. Basic earnings per share from continuing operations was INR 6.15 compared to INR 3.14 a year ago. Diluted earnings per share from continuing operations was INR 6.15 compared to INR 3.14 a year ago.
Mayur Uniquoters Limited is an India-based manufacturer of artificial leather. The Company is engaged in the business of manufacturing of coated textile fabrics, artificial leather and polyvinyl chloride (PVC) vinyl, which are widely used in different segments such as footwear, furnishings, automotive original equipment manufacturer, automotive replacement market, and automotive exports. It operates through a single segment, manufacturing and sale of PU/PVC Synthetic Leather. Its products include automotive, footwear, furnishing, and leather goods and garments. It offers a range of leather for the automotive industry, which is used in various parts, including seats, door trims, steering wheel covers, gear boot and knob covers, roof lining, sun visors and hoods. It offers products for various parts of footwear, such as shoe uppers, shoe lining and insoles. These products find application in formal shoe and boots, sports shoes, sandals, slippers as well as high end womenâs footwear.