Atul Ltd. Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 24, 2014 at 04:04 am EST
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Atul Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations of INR 5,757.7 million against INR 4,401.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 745.8 million against INR 359.1 million a year ago. Profit from ordinary activities before tax was INR 870.7 million against INR 394.6 million a year ago. Net Profit from ordinary activities after tax was INR 652.4 million against INR 279.0 million a year ago. Basic and diluted earnings per share were INR 22.00 against INR 9.41 a year ago.
For the nine months, the company reported net sales/income from operations of INR 16,584.5 million against INR 19,638.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,062.6 million against INR 1,640.9 million a year ago. Profit from ordinary activities before tax was INR 2,233.6 million against INR 1,605.4 million a year ago. Net Profit from ordinary activities after tax was INR 1,612.3 million against INR 1,140.8 million a year ago. Basic and diluted earnings per share were INR 54.36 against INR 38.46 a year ago.
Atul Ltd is an India-based company, which is in the business of life science chemicals and performance, and other chemicals. It serves various industries across the world, such as adhesives, agriculture, animal feed, automobile, composites, construction, cosmetic, defense, dyestuff, electrical and electronics, flavor, food, footwear, fragrance, glass, home care, horticulture, hospitality, paint and coatings, paper, personal care, pharmaceutical, plastic, polymer, rubber, soap and detergent, sport and leisure, textile, tire, and wind energy. It operates through three segments: Life Science Chemicals, Performance and Other Chemicals, and Others. Its Life Science Chemicals segment offers active pharmaceutical ingredients (APIs), API intermediates, crop protection chemicals. Its Performance and Other Chemicals segment offers adhesion promoters, bulk chemicals, epoxy resins and hardeners, intermediates, and textile dyes. Its Others segment offers agribiotech, food products and services.