Ion Exchange Limited Announces Unaudited Standalone Earnings Results for Third Quarter and Nine Months Ended December 31, 2018
January 24, 2019 at 04:39 pm IST
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Ion Exchange (India) Limited announced unaudited standalone earnings results for third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue from operations of INR 2,498.5 million against INR 2,429.4 million a year ago. Total income was INR 2,583.2 million against INR 2,488.8 million a year ago. Net profit after tax was INR 128.1 million or INR 10.67 per basic share (not annualized) against INR 88.5 million or INR 7.37 per basic share (not annualized) a year ago.
For the nine months, the company reported revenue from operations of INR 6,842.2 million against INR 6,680.7 million a year ago. Total income was INR 7,235.1 million against INR 6,887.9 million a year ago. Net profit after tax was INR 357.6 million or INR 29.79 per basic share (not annualized) against INR 240.6 million or INR 20.04 per basic share (not annualized) a year ago.
Ion Exchange (India) Limited is an India-based company, which is engaged in water and environment management with a global presence. The Company's segments include Engineering, Chemicals, Consumer Products and Others. The Engineering segment comprises of water treatment plants, spares and services in connection with the plants. The Chemicals segment comprises of resins, water treatment chemicals and specialty chemicals. The Consumer Products segment comprises of water purification equipments for homes, institutions and communities. Its products and solutions include engineering, resins, membranes, specialty chemicals, and instruments and automation. Its engineering solutions include water treatment, wastewater treatment, solid waste, process separation & purification, and three-dimensional (3D) modelling. The Company's services include operations & maintenance, rehabilitation & modification, consumables & spares, audits & consultancy, project financing, and remote monitoring system.
ION EXCHANGE (INDIA) LIMITED 
