Sheela Foam Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 02, 2023 at 09:19 am EDT
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Sheela Foam 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 6,131.86 million compared to INR 6,826.95 million a year ago. Revenue was INR 6,375.3 million compared to INR 7,047.09 million a year ago. Net income was INR 440.06 million compared to INR 530.92 million a year ago. Basic earnings per share from continuing operations was INR 4.48 compared to INR 5.49 a year ago.
For the six months, sales was INR 12,582.72 million compared to INR 13,833.65 million a year ago. Revenue was INR 13,068.59 million compared to INR 14,233.54 million a year ago. Net income was INR 870.73 million compared to INR 951.82 million a year ago. Basic earnings per share from continuing operations was INR 8.9 compared to INR 9.85 a year ago.
Sheela Foam Limited is an India-based company. The Company specializes in the production of a diverse range of foam-based household comfort items, including mattresses, furniture cushions, as well as technical grades of polyurethane foams that cater to various industries, such as automotive, acoustics and various others. Its product portfolio includes mattresses, technical foam, furniture foam, and comfort foam and home care products. The mattresses range includes Foam mattress, spring range, technology range, comfort cell range, back support range, flexi PUF range, and others. Its technical foam products consist of automotive foams, reticulated foams, ultraviolet stable foams and silentech foams. Sleepwell resitec, Sleepwell cool gel and primo are its furniture foam products. Its comfort foam and home care products include foam sheets, foam blocks, comfort range accessories, foam cores, and others. The Companyâs brands include Sleepwell, feather foam, and Starlite, among others.
SHEELA FOAM LIMITED 
