Oriental Carbon & Chemicals Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 31, 2018
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Oriental Carbon & Chemicals Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue from operations of INR 862.539 million compared to INR 732.593 million a year ago. Profit before exceptional items and tax was INR 213.331 million compared to INR 169.994 million a year ago. Profit before tax was INR 213.331 million compared to INR 169.994 million a year ago. Profit for the period was INR 152.789 million or INR 14.84 per basic and diluted share compared to INR 148.342 million or INR 14.41 per basic and diluted share a year ago. EBITDA was INR 275 million compared to INR 213 million a year ago.
For the nine months, the company reported revenue from operations of INR 2,422.051 million compared to INR 2,249.916 million a year ago. Profit before exceptional items and tax was INR 597.732 million compared to INR 542.041 million a year ago. Profit before tax was INR 597.732 million compared to INR 542.041 million a year ago. Profit for the period was INR 422.603 million or INR 41.05 per basic and diluted share compared to INR 442.347 million or INR 42.96 per basic and diluted share a year ago. EBITDA was INR 780 million compared to INR 679 million 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 Companyâs 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 Companyâs 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.