Atul Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 20, 2023 at 08:18 am
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Atul Ltd reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 12,682.5 million compared to INR 13,803.1 million a year ago. Revenue was INR 12,911.1 million compared to INR 13,833.8 million a year ago. Net income was INR 1,051 million compared to INR 1,554.3 million a year ago. Basic earnings per share from continuing operations was INR 35.6 compared to INR 52.53 a year ago.
For the nine months, sales was INR 42,323.7 million compared to INR 37,104.7 million a year ago. Revenue was INR 43,230.3 million compared to INR 37,642.5 million a year ago. Net income was INR 4,205.3 million compared to INR 4,680 million a year ago. Basic earnings per share from continuing operations was INR 142.45 compared to INR 158.18 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.
ATUL LTD 
