Atul Ltd Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
April 28, 2023 at 09:29 am
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Atul Ltd reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 11,951.5 million compared to INR 13,704.2 million a year ago. Revenue was INR 12,193.6 million compared to INR 13,926.4 million a year ago. Net income was INR 935.6 million compared to INR 1,362.6 million a year ago. Basic earnings per share from continuing operations was INR 31.69 compared to INR 46.05 a year ago.
For the full year, sales was INR 54,275.2 million compared to INR 50,808.9 million a year ago. Revenue was INR 55,423.9 million compared to INR 51,568.9 million a year ago. Net income was INR 5,140.9 million compared to INR 6,042.6 million a year ago. Basic earnings per share from continuing operations was INR 174.15 compared to INR 204.23 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 to 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, fungicides and herbicides. 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.