Ion Exchange Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 25, 2017 at 07:48 am EST
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Ion Exchange (India) Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 1,921.2 million compared to INR 2,021.8 million for the same period a year ago. Profit from operations before other income and finance costs was of INR 95.7 million compared to INR 108.7 million for the same period a year ago. Profit from ordinary activities before tax was INR 97.6 million compared to INR 106.9 million for the same period a year ago. Net profit after tax was INR 61.1 million or INR 4.16 per diluted share compared to INR 73.5 million or INR 4.95 per diluted share for the same period a year ago.
For the nine months, the company reported net sales/income from operations of INR 5,834.2 million compared to INR 5,593.2 million for the same period a year ago. Profit from operations before other income and finance costs was of INR 296.2 million compared to INR 245.3 million for the same period a year ago. Profit from ordinary activities before tax was INR 303 million compared to INR 267.6 million for the same period a year ago. Net profit after tax was INR 197.1 million or INR 13.45 per diluted share compared to INR 178.5 million or INR 12.02 per diluted share for the same period a year ago.
Ion Exchange (India) Limited is an India-based company, which is engaged in water and environment management with a global presence. The Company's segments include Engineering, Chemicals, Consumer Products and Others. The Engineering segment comprises of water treatment plants, spares and services in connection with the plants. The Chemicals segment comprises of resins, water treatment chemicals and specialty chemicals. The Consumer Products segment comprises of water purification equipments for homes, institutions and communities. Its products and solutions include engineering, resins, membranes, specialty chemicals, and instruments and automation. Its engineering solutions include water treatment, wastewater treatment, solid waste, process separation & purification, and three-dimensional (3D) modelling. The Company's services include operations & maintenance, rehabilitation & modification, consumables & spares, audits & consultancy, project financing, and remote monitoring system.
ION EXCHANGE (INDIA) LIMITED 
