AksharChem India Ltd Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 30, 2013 at 06:51 pm IST
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AksharChem India Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company announced net sales or income from operations, net of excise duty of INR 269.022 million compared to INR 163.887 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 13.747 million compared to INR 0.777 million a year ago. Profit from ordinary activities before tax was INR 9.324 million compared to loss from ordinary activities before tax of INR 2.853 million a year ago. Net profit was INR 9.826 million or INR 1.98 per basic and diluted share for before and after extraordinary items compared to net loss of INR 2.853 million or INR 0.58 per basic and diluted share for before and after extraordinary items a year ago.
For the nine months, the company announced net sales or income from operations, net of excise duty of INR 679.550 million compared to INR 400.546 million a year ago. Profit from operations before other income, finance costs and exceptional items were INR 27.793 million compared to loss from operations before other income, finance costs and exceptional items of INR 16.714 million a year ago. Profit from ordinary activities before tax was INR 16.593 million compared to loss from ordinary activities before tax of INR 27.858 million a year ago. Net profit was INR 18.112 million or INR 3.66 per basic and diluted share for before and after extraordinary items compared to net loss of INR 27.858 million or INR 5.62 per basic and diluted share for before and after extraordinary items a year ago.
AksharChem (India) Limited is an India-based company, which is engaged in the business of manufacturing and export of dyes, pigments, and precipitated silica. The Company specializes in manufacturing vinyl sulphone, H Acid and copper phthalocyanine (CPC) Green. The Companyâs products include dye intermediates, which include H Acid, Vinyl Sulphone (Acetanilide Base), Ortho Anicidine Vinyl Sulphone (OAVS), and Sulpho Para Vinyl Sulphone (Sulpho VS); dyes, which includes Reactive Blue 21 and Reactive Black 5; pigment, which includes Pigment Green 7 and Violet 23, and precipitated silica. The Companyâs applications include textiles, paints, plastics, and inks. The Companyâs total manufacturing capacity is approximately 23,400 metric tons per annum (MTPA). The Companyâs products are sold in India and exported across various countries, which includes Europe, Far East, Southeast Asia, China, and the United States of America. The Company's plant is located at Mehsana, Gujarat.