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Meghmani Organics Limited

Equities

532865

INE974H01013

Meghmani Organics Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019

January 29, 2020 at 05:02 pm

Meghmani Organics Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 5,302 million. Net income was INR 567 million. Basic earnings per share was INR 1.87.

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Company Profile

Meghmani Organics Limited is an India-based manufacturer of pigment and pesticide products. The Company's segments include Pigments, Agro Chemicals, Basic Chemicals and Others. The Pigments segment manufactures and distributes Phthalocynine Green 7, Copper Phthalocynine Blue, Alpha Blue and Beta Blue. The Agro Chemicals segment manufactures and distributes technical, intermediates and formulations of insecticides. The Basic Chemicals segment includes basic chemicals, which undergo processing in various stages before being converted into downstream Chemicals that are used by the agriculture sector and also by consumers. The Others segment includes trading activity. The Company produces pesticides for crop and non-crop applications, such as for public health, insect control in wood preservation and food grain storage. The Company's brands include Megastar, Megacyper, Megaban, Synergy and Courage. The Company's basic chemicals portfolio includes caustic soda, chlorine and hydrogen.

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