Clean Science and Technology Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 18, 2023 at 08:06 am
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Clean Science and Technology Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,168.58 million compared to INR 2,046.04 million a year ago. Revenue was INR 2,294.89 million compared to INR 2,119.65 million a year ago. Net income was INR 805.34 million compared to INR 623.71 million a year ago. Basic earnings per share from continuing operations was INR 7.58 compared to INR 5.87 a year ago. Diluted earnings per share from continuing operations was INR 7.58 compared to INR 5.87 a year ago.
For the full year, sales was INR 9,357.99 million compared to INR 6,848.86 million a year ago. Revenue was INR 9,656.24 million compared to INR 7,148.59 million a year ago. Net income was INR 2,951.76 million compared to INR 2,284.95 million a year ago. Basic earnings per share from continuing operations was INR 27.79 compared to INR 21.51 a year ago. Diluted earnings per share from continuing operations was INR 27.78 compared to INR 21.51 a year ago.
Clean Science and Technology Limited is an India-based fine and specialty chemical manufacturing company. The Company is engaged in the business of manufacturing organic and inorganic chemicals. It operates through the Speciality Chemicals segment. Its specialty chemical chemistry is diversified into three segments, such as FMCG Chemical, Performance Chemicals, and Pharmaceutical Chemicals. Its FMCG chemicals include Anisole, 4-Methoxy Acetophenone, Guaiacol, Butylated Hydroxy Anisole, Tertiary Butyl Hydroquinone, Ortho Methoxy Toluene, and L-Ascorbyl Palmitate, among others. Its performance chemicals include Clean Light Stab 770, 4-Hydroxy Tempo, Monomethyl Ether of Hydroquinone, 2,5-Di-Tertiary Butyl Hydroquinone, Tertiary Butyl Hydroquinone, Dimethyl Sebacate (DMS), and others. Its pharma and agro intermediates include Para Benzoquinone, Para Di-Methoxy Benzene (1,4-DMB), Ortho Methoxy Toluene, and others. The Company caters to both domestic and international markets.