Oriental Carbon & Chemicals Limited Announces Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2018
November 31, 2018
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Oriental Carbon & Chemicals Limited announced unaudited standalone earnings results for the second quarter and half year ended September 30, 2018. For the quarter, the company reported total revenue of INR 996.938 million compared to INR 761.002 million a year ago. Profit before tax was INR 247.372 million compared to INR 179.260 million a year ago. Profit for the period was INR 176.542 million or INR 17.15 per basic and diluted share compared to INR 124.249 million or INR 12.07 per basic and diluted share a year ago. EBITDA was INR 316 million compared to INR 240 million a year ago.
For the half year, the company reported total revenue of INR 1,932.561 million compared to INR 1,584.633 million a year ago. Profit before tax was INR 473.805 million compared to INR 384.401 million a year ago. Profit for the period was INR 340.526 million or INR 33.07 per basic and diluted share compared to INR 269.814 million or INR 26.21 per basic and diluted share a year ago. EBITDA was INR 601 million compared to INR 506million a year ago.
Oriental Carbon & Chemicals Limited is an India-based company, which is engaged in manufacturing of insoluble sulfur. The Company's segments include Chemicals and Investments. The Company's insoluble sulfur includes regular grades, high stability grades and special grades. Its regular grades are DIAMOND SULF OT-10, DIAMOND SULF OT-20 and DIAMOND SULF OT-33. Its high stability grades are DIAMOND SULF OT-10 HS, DIAMOND SULF OT-20 HS and DIAMOND SULF OT-33 HS. Its special grades are DIAMOND SULF OT-20 HD and DIAMOND SULF OT-25 AS. The Company manufactures commercial grade, battery grade sulfuric acid and Oleum. The Company's sulfuric acid is used as a dehydrating agent, catalyst and active reactant in chemical processes, solvents and absorbents. Its battery grade is used in storage batteries, rayon, dye, acid slurry and pharmaceutical applications. Its commercial grade is used in the manufacturing of steel, heavy chemicals and super-phosphates.