Advanced Enzyme Technologies Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 01:53 am EST
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Advanced Enzyme Technologies 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 1,578.42 million compared to INR 1,386.93 million a year ago. Revenue was INR 1,639.37 million compared to INR 1,425.63 million a year ago. Net income was INR 344.08 million compared to INR 262.08 million a year ago. Basic earnings per share from continuing operations was INR 3.08 compared to INR 2.34 a year ago. Diluted earnings per share from continuing operations was INR 3.08 compared to INR 2.34 a year ago.
For the six months, sales was INR 3,051.18 million compared to INR 2,598.15 million a year ago. Revenue was INR 3,178.87 million compared to INR 2,656.79 million a year ago. Net income was INR 632.18 million compared to INR 440.81 million a year ago. Basic earnings per share from continuing operations was INR 5.65 compared to INR 3.94 a year ago. Diluted earnings per share from continuing operations was INR 5.65 compared to INR 3.94 a year ago.
Advanced Enzyme Technologies Limited is an India-based company, engaged in manufacturing enzymes and probiotics. The Company is focused on the research and development, manufacturing, and marketing of approximately 400 products, which is developed from over 68 indigenous enzymes and probiotics. It provides solutions to various industries, such as human health care and nutrition, animal nutrition, baking, fruit, and vegetable processing, brewing, and malting, grain processing, protein modification, dairy processing, textile processing and others. It offers products and solutions for human nutrition, which include serratiopeptidase, fungal lactase, fungal lipase, and papain; animal nutrition, which include DigeGrain X, DigeGrain XL and DigeGrain M; food processing, including dairy and cheese processing and yeast processing, and non-food processing, including textiles processing, leather, and biofuels. Its oils and fats processing include oil extraction, oil refining, and others.