Oriental Carbon & Chemicals Limited Reports Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
November 04, 2016 at 10:51 am
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Oriental Carbon & Chemicals Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company reported total income from operations of INR 729.573 million against INR 741.162 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 176.031 million against INR 188.014 million a year ago. Profit from ordinary activities before taxes was INR 183.892 million against INR 181.161 million a year ago. Net profit for the period was INR 146.893 million against INR 129.402 million a year ago. Basic and diluted earnings per share were INR 14.27 against INR 12.57 per share a year ago.
For the six months, the company reported total income from operations of INR 1,517.493 million against INR 1,496.943 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 359.521 million against INR 353.362 million a year ago. Profit from ordinary activities before taxes was INR 369.984 million against INR 345.858 million a year ago. Net profit for the period was INR 292.656 million against INR 272.897 million a year ago. Basic and diluted earnings per share were INR 28.42 against INR 26.50 per share a year ago.
Oriental Carbon & Chemicals Limited is an India-based company, which is engaged in manufacturing of insoluble sulfur. The Company's segments include Chemicals and Investments. The Companyâs insoluble sulfur includes regular grades, high stability grades and special grades. Its regular grades are Diamond Sulf OT-10, Diamond Sulf OT-20 and Diamond Sulf OT-33. Its high stability grades are diamond Sulf OT-10 HS, Diamond Sulf OT-20 HS and Diamond Sulf OT-33 HS. Its special grades are Diamond Sulf OT-20 HD and Diamond Sulf OT-25 AS. The Company manufactures commercial grade, battery grade sulfuric acid and Oleum. The Companyâs sulfuric acid is used as a dehydrating agent, catalyst and active reactant in chemical processes, solvents, and absorbents. Its battery grade is used in storage batteries, rayon, dye, acid slurry and pharmaceutical applications. Its commercial grade is used in the manufacturing of steel, heavy chemicals, and super-phosphates.