Oriental Carbon & Chemicals Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 02:40 am EST
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Oriental Carbon & Chemicals 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 1,035.56 million compared to INR 1,197.53 million a year ago. Revenue was INR 1,040.72 million compared to INR 1,199.27 million a year ago. Net income was INR 66.79 million compared to INR 116.15 million a year ago. Basic earnings per share from continuing operations was INR 6.68 compared to INR 11.62 a year ago. Diluted earnings per share from continuing operations was INR 6.68 compared to INR 11.62 a year ago.
For the nine months, sales was INR 3,397.83 million compared to INR 4,135.72 million a year ago. Revenue was INR 3,413.67 million compared to INR 4,164.15 million a year ago. Net income was INR 319.32 million compared to INR 360.09 million a year ago. Basic earnings per share from continuing operations was INR 31.96 compared to INR 36.04 a year ago. Diluted earnings per share from continuing operations was INR 31.96 compared to INR 36.04 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.
ORIENTAL CARBON & CHEMICALS LIMITED 
