Tarsons Products Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 12, 2023 at 07:27 am
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Tarsons Products 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 613.19 million compared to INR 706.61 million a year ago. Revenue was INR 646.74 million compared to INR 731.25 million a year ago. Net income was INR 161.16 million compared to INR 214.73 million a year ago. Basic earnings per share from continuing operations was INR 3.03 compared to INR 4.14 a year ago. Diluted earnings per share from continuing operations was INR 3.03 compared to INR 4.14 a year ago.
For the nine months, sales was INR 2,011.96 million compared to INR 2,158.55 million a year ago. Revenue was INR 2,109.58 million compared to INR 2,217.43 million a year ago. Net income was INR 578.9 million compared to INR 712.01 million a year ago. Basic earnings per share from continuing operations was INR 10.88 compared to INR 13.89 a year ago. Diluted earnings per share from continuing operations was INR 10.88 compared to INR 13.89 a year ago.
Tarsons Products Limited is an India-based labware company. The Company is engaged in designing, development, manufacturing and marketing of consumables, reusables and others including benchtop equipment, used in various laboratories across research organizations, academia institutes, pharmaceutical companies contract research organizations (CROs), diagnostic companies and hospitals. The Company is also engaged in the manufacturing of range a of labware products which helps scientific discovery and improve healthcare. The Company has developed a diverse range of labware products under the categories: consumables, reusables and others. The Company's consumables products include pipette tips, centrifuge ware, petri dishes, cryo ware and storage vials. Its reusable products include bottles and carboys, beakers, cylinders and racks. Its other products include centrifuge, vortex, and pipettors.