Rossari Biotech Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 21, 2023 at 05:33 am EDT
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Rossari Biotech Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 4,834.68 million compared to INR 4,254.36 million a year ago. Revenue was INR 4,848.32 million compared to INR 4,262.56 million a year ago. Net income was INR 329.48 million compared to INR 239.16 million a year ago. Basic earnings per share from continuing operations was INR 5.97 compared to INR 4.34 a year ago. Diluted earnings per share from continuing operations was INR 5.95 compared to INR 4.32 a year ago.
For the six months, sales was INR 8,940.74 million compared to INR 8,601.46 million a year ago. Revenue was INR 8,976.28 million compared to INR 8,617.1 million a year ago. Net income was INR 621.67 million compared to INR 525.97 million a year ago. Basic earnings per share from continuing operations was INR 11.27 compared to INR 9.54 a year ago. Diluted earnings per share from continuing operations was INR 11.24 compared to INR 9.49 a year ago.
Rossari Biotech Limited is an India-based company. The Company is engaged in manufacturing, selling and distribution of specialty chemicals. The products cater to global brands in the FMCG sector and find applications in a host of consumer centric products and home and personal care products, textile chemicals, animal health and nutrition and cosmetic products. It operates through three segments: Home, Personal Care and Performance Chemicals (HPPC), Textile Specialty Chemicals (TSC), and Animal Health and Nutrition (AHN). HPPC produces acrylic polymers, manufacturing a sustainable range of products for various applications in the cleaning industry. TSC is focused on providing customers with eco-friendly, sustainable chemical solutions. It provides solutions for pre-treatment, dyeing and printing, finishing, and specialty chemicals for the entire value chain of the textile industry. AHN provides wellness solutions for pet animals and poultry, focusing on their health and performance.