Sharda Cropchem Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 21, 2023 at 06:08 am EDT
Share
Sharda Cropchem 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 5,807.6 million compared to INR 7,215.01 million a year ago. Revenue was INR 6,043.48 million compared to INR 7,317.48 million a year ago. Net loss was INR 275.81 million compared to net income of INR 120.92 million a year ago. Basic loss per share from continuing operations was INR 3.06 compared to basic earnings per share from continuing operations of INR 1.34 a year ago.
For the six months, sales was INR 12,185.12 million compared to INR 15,460.32 million a year ago. Revenue was INR 12,681.17 million compared to INR 15,765.29 million a year ago. Net loss was INR 1,162.21 million compared to net income of INR 347.32 million a year ago. Basic loss per share from continuing operations was INR 12.88 compared to basic earnings per share from continuing operations of INR 3.85 a year ago.
Sharda Cropchem Limited is an India-based agrochemicals company. The Company is focused on agrochemicals and non-agrichemical businesses. The Company operates through an asset-light business model, and its core competency lies in developing product dossiers and obtaining product registrations in different countries. The Company operates through two segments: Agrochemicals and Non-agrochemicals. Agrochemicals segment is engaged in Insecticides, Herbicides, Fungicides and Biocides. Non-agrochemicals segment is engaged in Conveyor Belts, V Belts and Timing Belts. Its product portfolio in the agrochemical business comprises formulations and generic active ingredients in fungicide, herbicide and insecticide segments for protecting different kinds of crops, as well as serving turf and specialty markets and a range of formulations and generic active ingredients. The product portfolio in the non-agrochemical business comprises belts, general chemicals, dyes and dye intermediates.
SHARDA CROPCHEM LIMITED 
