Astec LifeSciences Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 05:05 pm IST
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Astec LifeSciences Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,107.89 million compared to INR 1,997.47 million a year ago. Revenue was INR 1,117.68 million compared to INR 2,037.33 million a year ago. Net loss was INR 134.27 million compared to net income of INR 183.08 million a year ago. Basic loss per share from continuing operations was INR 6.85 compared to basic earnings per share from continuing operations of INR 9.34 a year ago. Diluted loss per share from continuing operations was INR 6.85 compared to diluted earnings per share from continuing operations of INR 9.34 a year ago.
For the six months, sales was INR 2,536.38 million compared to INR 3,840.13 million a year ago. Revenue was INR 2,563.25 million compared to INR 3,907.1 million a year ago. Net loss was INR 216.22 million compared to net income of INR 297.08 million a year ago. Basic loss per share from continuing operations was INR 11.03 compared to basic earnings per share from continuing operations of INR 15.16 a year ago. Diluted loss per share from continuing operations was INR 11.03 compared to diluted earnings per share from continuing operations of INR 15.15 a year ago.
Astec LifeSciences Limited is an India-based company that is primarily engaged in manufacturing a range of agrochemical active ingredients and pharmaceutical intermediates. The Company operates through the Agrochemicals segment. It manufactures a range of fungicides, insecticides, herbicides, and intermediates for its global customers. The Companyâs products and intermediates includes triazole fungicides, heterocyclic herbicides, sulfonylurea herbicides, synthetic pyrethroids, alkyl and aryl magnesium halides, mixed metal halides, silane derivatives, fluorinated aromatic, aliphatic and heterocyclic intermediates, fluorinated aromatic amines, fluorinated pyridine derivatives, fluorinated aromatic carboxylic acids, fluorinated benzyl alcohols, fluorinated ketones and benzophenones, fluorinated heterocyclic mercaptans, heterocyclic mercaptans, thiopyrimidines, aromatic mercaptans, thorium salts, pyrazaloneâs and heterocyclic sulfonyl chlorides.