Sirca Paints India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 25, 2023 at 09:24 am
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Sirca Paints India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 652.15 million compared to INR 532.01 million a year ago. Revenue was INR 661.84 million compared to INR 545.61 million a year ago. Net income was INR 105.32 million compared to INR 91.65 million a year ago. Basic earnings per share from continuing operations was INR 1.92 compared to INR 1.67 a year ago. Diluted earnings per share from continuing operations was INR 1.92 compared to INR 1.67 a year ago.
For the nine months, sales was INR 1,994.77 million compared to INR 1,459.27 million a year ago. Revenue was INR 2,031.98 million compared to INR 1,495.08 million a year ago. Net income was INR 366.22 million compared to INR 215.39 million a year ago. Basic earnings per share from continuing operations was INR 6.68 compared to INR 3.93 a year ago. Diluted earnings per share from continuing operations was INR 6.68 compared to INR 3.93 a year ago.
Sirca Paints India Limited is an India-based manufacturer of wood coating products. The Company is engaged in the manufacturing and sales of wood coatings and other decorative paints, under its owned or exclusively licensed brands, such as Sirca, Unico, San Marco and DuranteVivan. The Company is involved in the business of e import and distribution of total product range of Sirca S.P.A. Italy. Its product range includes polyurethane coatings (PU) products, stains, special effects, acrylic PU, polyester, Wall paints, U.V. products. Its paints and textures include interior, exterior, wall primer, finishes/effects, and wall putty. Its interior provides Amore Gloss Luxury Emulsion, Double Face Emulsion, Fresco Matt Luxury Emulsion, Fresco Plus Silk Emulsion, Rovere Economy Emulsion Interior and Serene Premium Emulsion Interior. The exterior provides Double Face Emulsion, Rossa Weatherproof Emulsion Exterior, Stellar Economy Emulsion and Tulip Gloss Weatherproof Emulsion Exterior.