Rossari Biotech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 20, 2024 at 07:27 am EST
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Rossari Biotech 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 4,637.69 million compared to INR 3,892.69 million a year ago. Revenue was INR 4,672.71 million compared to INR 3,903.83 million a year ago. Net income was INR 343.9 million compared to INR 256.81 million a year ago. Basic earnings per share from continuing operations was INR 6.23 compared to INR 4.66 a year ago. Diluted earnings per share from continuing operations was INR 6.21 compared to INR 4.63 a year ago.
For the nine months, sales was INR 13,578.43 million compared to INR 12,494.15 million a year ago. Revenue was INR 13,648.99 million compared to INR 12,520.93 million a year ago. Net income was INR 965.57 million compared to INR 782.78 million a year ago. Basic earnings per share from continuing operations was INR 17.49 compared to INR 14.21 a year ago. Diluted earnings per share from continuing operations was INR 17.45 compared to INR 14.14 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.
ROSSARI BIOTECH LIMITED 
