Century Textiles and Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 20, 2023 at 08:28 am
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Century Textiles and Industries 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 10,872.8 million compared to INR 12,107.8 million a year ago. Revenue was INR 11,148.8 million compared to INR 12,421.1 million a year ago. Net loss was INR 304.4 million compared to net income of INR 715.8 million a year ago. Basic loss per share from continuing operations was INR 2.75 compared to basic earnings per share from continuing operations of INR 6.41 a year ago. Diluted loss per share from continuing operations was INR 2.75 compared to diluted earnings per share from continuing operations of INR 6.41 a year ago.
For the six months, sales was INR 21,937.2 million compared to INR 23,826.2 million a year ago. Revenue was INR 22,402.6 million compared to INR 24,361.2 million a year ago. Net loss was INR 363.2 million compared to net income of INR 1,178.9 million a year ago. Basic loss per share from continuing operations was INR 3.28 compared to basic earnings per share from continuing operations of INR 10.56 a year ago. Diluted loss per share from continuing operations was INR 3.28 compared to diluted earnings per share from continuing operations of INR 10.56 a year ago.
Century Textiles and Industries Limited is an India-based company, which is principally engaged in the manufacturing of textiles, cement, pulp and paper and real estate. The Company's segments include Textiles, Pulp and Paper, Real Estate and Others. The Textiles segment include Yam, Fabric, Viscose Filament Yam and Tire Yan. The Pulp and Paper segment include pulp, writing & printing paper, tissue paper and multilayer packaging board. The Real Estate segment includes residential projects, leased properties and investment properties. The Others segment includes salt works and chemicals. The Company's subsidiaries include Birla Estates Private Limited, Birla Century Exports Private Limited, Birla Century International LLC, Avarna Projects LLP, Birla Tisya LLP and Birla Arnaa LLP. Birla Tisya LLP is engaged in real estate business.