Atul Ltd. Announces Unaudited Standalone Earnings for the Third Quarter and Nine Months Ended December 31, 2015
January 22, 2016 at 01:54 pm IST
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Atul Ltd. announced unaudited standalone earnings for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales of INR 5,921.8 million against INR 6,171.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 880.2 million against INR 803.6 million a year ago. Profit from ordinary activities before tax was INR 874.8 million against INR 779.7 million a year ago. Net profit from ordinary activities after tax was INR 609.4 million or INR 20.54 basic and diluted per share against INR 537.1 million or INR 18.11 basic and diluted per share a year ago.
For the nine months, the company reported net sales of INR 18,007.5 million against INR 19,046.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,821.5 million against INR 2,539.3 million a year ago. Profit from ordinary activities before tax was INR 2,957.3 million against INR 2,497.2 million a year ago. Net profit from ordinary activities after tax was INR 2,054.5 million or INR 69.26 basic and diluted per share against INR 1,725.6 million or INR 58.18 basic and diluted per share a year ago.
Atul Ltd is an India-based company, which is in the business of life science chemicals and performance, and other chemicals. It serves various industries across the world, such as adhesives, agriculture, animal feed, automobile, composites, construction, cosmetic, defense, dyestuff, electrical and electronics, flavor, food, footwear, fragrance, glass, home care, horticulture, hospitality, paint and coatings, paper, personal care, pharmaceutical, plastic, polymer, rubber, soap and detergent, sport and leisure, textile, tire, and wind energy. It operates through three segments: Life Science Chemicals, Performance and Other Chemicals, and Others. Its Life Science Chemicals segment offers active pharmaceutical ingredients (APIs), API intermediates, crop protection chemicals. Its Performance and Other Chemicals segment offers adhesion promoters, bulk chemicals, epoxy resins and hardeners, intermediates, and textile dyes. Its Others segment offers agribiotech, food products and services.