Ion Exchange Ltd. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 25, 2012 at 03:26 pm IST
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Ion Exchange (India) Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net sales of INR 1,542.8 million compared to INR 1,315.7 million a year ago. Profit from operations before other income and interest was INR 50.8 million compared to INR 35.1 million a year ago. Profit before taxation was INR 43.6 million against INR 36.9 million a year ago. Net profit after taxation was INR 30.5 million compared to INR 24.7 million a year ago. Diluted EPS was INR 2.22 compared to INR 1.72 a year ago.
For the nine months, the company reported net sales of INR 4,466.0 million compared to INR 3,882.0 million a year ago. Profit from operations before other income and interest was INR 156.6 million compared to INR 121.4 million a year ago. Profit before taxation was INR 137.3 million against INR 134.0 million a year ago. Net profit after taxation was INR 94.6 million compared to INR 89.8 million a year ago. Diluted EPS was INR 6.83 compared to INR 6.35 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.