Oriental Carbon & Chemicals Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
February 14, 2017 at 05:37 am EST
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Oriental Carbon & Chemicals Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported total income from operations of INR 732.713 million compared to INR 658.562 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 158.207 million compared to INR 143.925 million a year ago. Profit from ordinary activities before tax was INR 170.505 million compared to INR 155.340 million a year ago. Net profit was INR 148.676 million or INR 14.44 per basic and diluted share compared to INR 136.797 million or INR 13.29 per basic and diluted share a year ago. EBITDA was INR 213 million compared to INR 205 million a year ago.
For the nine months, the company reported total income from operations of INR 2,250.206 million compared to INR 2,155.505 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 517.728 million compared to INR 497.287 million a year ago. Profit from ordinary activities before tax was INR 540.489 million compared to INR 501.198 million a year ago. Net profit was INR 441.332 million or INR 42.86 per basic and diluted share compared to INR 409.694 million or INR 39.79 per basic and diluted share a year ago. EBITDA was INR 679 million compared to INR 670 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.