Sheela Foam Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 02, 2023 at 08:00 am EST
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Sheela Foam Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 8,169.8 million compared to INR 8,829.7 million a year ago. Revenue was INR 8,451.4 million compared to INR 9,090.1 million a year ago. Net income was INR 605.3 million compared to INR 668.7 million a year ago. Basic earnings per share from continuing operations was INR 6.27 compared to INR 6.9 a year ago.
For the nine months, sales was INR 22,682.6 million compared to INR 22,221.4 million a year ago. Revenue was INR 23,373.6 million compared to INR 22,815.9 million a year ago. Net income was INR 1,557.1 million compared to INR 1,680.8 million a year ago. Basic earnings per share from continuing operations was INR 16.12 compared to INR 17.36 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 
