Valiant Organics Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 06:02 am EST
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Valiant Organics 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 2,030.98 million compared to INR 2,640.72 million a year ago. Revenue was INR 2,067.33 million compared to INR 2,659.54 million a year ago. Net income was INR 42.98 million compared to INR 209.62 million a year ago. Basic earnings per share from continuing operations was INR 1.58 compared to INR 7.72 a year ago. Diluted earnings per share from continuing operations was INR 1.54 compared to INR 7.5 a year ago.
For the six months, sales was INR 4,049.42 million compared to INR 5,300.35 million a year ago. Revenue was INR 4,117.88 million compared to INR 5,338.32 million a year ago. Net income was INR 167.22 million compared to INR 363.93 million a year ago. Basic earnings per share from continuing operations was INR 6.16 compared to INR 13.4 a year ago. Diluted earnings per share from continuing operations was INR 5.98 compared to INR 13.01 a year ago.
Valiant Organics Limited is an India-based chemical manufacturing company. The Company is engaged in the business of manufacturing and marketing of chlorophenol products. It manufactures mono chlorophenols, namely para chlorophenol and ortho chlorophenol and di-chlorophenols, namely 2,4 Di-chlorophenol and 2,6 Di-chlorophenol. The chlorophenols it manufactures are used in agro-chemical, dyes and pharmaceutical industry as intermediates. The Company processes a range of chemicals, including Chlorination, Ammonolysis, Hydrogenation, N-Alkylation, Acetylation, Sulphonation and Condensation. Its products have applications in various industries, including agro chemicals, dyes, pigments, pharmaceutical, cosmetics, specialty chemicals, polymers, and veterinary. The Company operates a single location manufacturing facility at Sarigam Industrial Estate having an installed capacity of about 4,800 metric tons per annum. The Company also exports its products to Asia, Europe, and the United States.