Mitsu Chem Plast 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 734.74 million compared to INR 716.42 million a year ago. Revenue was INR 737.37 million compared to INR 716.49 million a year ago. Net income was INR 31.83 million compared to INR 18.09 million a year ago. Basic earnings per share from continuing operations was INR 2.64 compared to INR 1.5 a year ago. Diluted earnings per share from continuing operations was INR 2.64 compared to INR 1.5 a year ago.
For the nine months, sales was INR 2,289.77 million compared to INR 2,257.79 million a year ago. Revenue was INR 2,297.35 million compared to INR 2,261.64 million a year ago. Net income was INR 60.31 million compared to INR 85.05 million a year ago. Basic earnings per share from continuing operations was INR 5 compared to INR 7.05 a year ago. Diluted earnings per share from continuing operations was INR 5 compared to INR 7.05 a year ago.
Mitsu Chem Plast Limited is engaged in the business of injection molding and blow molding plastic articles such as Industrial containers, Healthcare furniture, and automotive components. Its products include molded industrial packaging, hospital furniture, infrastructural furniture and automotive components. It offers a range of molded products to help customers to protect and transport their goods, which includes pail containers, jerry cans, full open-top drums, narrow mouth drums, injection molded solutions, pharma packaging products, cosmetics, among others. Its hospital furniture, also known as furnastra, includes Acrylonitrile Butadiene Styrene (ABS) panel manufacturers and other healthcare plastic parts. Its infrastructural furniture provides solutions for commercial and institutional spaces, which includes plastic chair shells, plastic chair seats and parts, among others. Its automotive components offer a wide range of blow molding and injection molding solutions.
