Sharda Cropchem Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 24, 2024 at 03:39 am EST
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Sharda Cropchem 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 6,324.62 million compared to INR 10,173 million a year ago. Revenue was INR 6,446.24 million compared to INR 10,200.41 million a year ago. Net income was INR 46.38 million compared to INR 1,083.93 million a year ago. Basic earnings per share from continuing operations was INR 0.51 compared to INR 12.01 a year ago. Diluted earnings per share from continuing operations was INR 0.51 compared to INR 12.01 a year ago.
For the nine months, sales was INR 18,509.74 million compared to INR 25,633.32 million a year ago. Revenue was INR 19,127.41 million compared to INR 25,965.7 million a year ago. Net loss was INR 1,115.83 million compared to net income of INR 1,431.25 million a year ago. Basic loss per share from continuing operations was INR 12.37 compared to basic earnings per share from continuing operations of INR 15.86 a year ago. Diluted loss per share from continuing operations was INR 12.37 compared to diluted earnings per share from continuing operations of INR 15.86 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 
