20 Microns Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 25, 2023 at 10:52 am
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20 Microns 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 1,997.03 million compared to INR 1,877.78 million a year ago. Revenue was INR 2,013.42 million compared to INR 1,887.63 million a year ago. Net income was INR 160.29 million compared to INR 118.75 million a year ago. Basic earnings per share from continuing operations was INR 4.54 compared to INR 3.37 a year ago. Diluted earnings per share from continuing operations was INR 4.54 compared to INR 3.37 a year ago.
For the six months, sales was INR 3,902.61 million compared to INR 3,736.89 million a year ago. Revenue was INR 3,928.55 million compared to INR 3,753.36 million a year ago. Net income was INR 309.44 million compared to INR 251.36 million a year ago. Basic earnings per share from continuing operations was INR 8.77 compared to INR 7.12 a year ago. Diluted earnings per share from continuing operations was INR 8.77 compared to INR 7.12 a year ago.
20 Microns Limited is an India-based company, which is engaged in business of industrial micronized minerals and specialty chemicals. The Company is the producer of white minerals. Its product portfolio includes industrial minerals, and functional additives and specialties. Its industrial minerals include Ground Calcium Carbonate, Dolomite, Hydrous Kaolin, Calcined Kaolin, Talc, Natural Barytes, Silica / Quartz, Muscovite Mica, Feldspar / Nepheline Syenite, Diatomaceous and Siliceous Earth, among others. Its functional additives and specialties include White Pigment Opacifier, Synthetic Barium Sulphate, Micronized Wax, Antiblocking Additives, Matting Agents, Rheological Additives, Inorganic Thickners, Flame Retardants, Calcium Oxide Desiccant and Activators for Rubber, among others. Its products have applications in functional filler and extenders across a range of industries, such as paints, plastic, rubber, textiles, cosmetics, ceramics and agrochemicals, among others.