Laxmi Organic Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 08:40 pm IST
Share
Laxmi Organic Industries 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 6,522.69 million compared to INR 6,521.98 million a year ago. Revenue was INR 6,604.75 million compared to INR 6,550.54 million a year ago. Net income was INR 107.13 million compared to INR 85.99 million a year ago. Basic earnings per share from continuing operations was INR 0.41 compared to INR 0.32 a year ago. Diluted earnings per share from continuing operations was INR 0.4 compared to INR 0.32 a year ago.
For the six months, sales was INR 13,814.84 million compared to INR 14,088.09 million a year ago. Revenue was INR 13,936.43 million compared to INR 14,137.82 million a year ago. Net income was INR 490.42 million compared to INR 730.31 million a year ago. Basic earnings per share from continuing operations was INR 1.85 compared to INR 2.76 a year ago. Diluted earnings per share from continuing operations was INR 1.84 compared to INR 2.73 a year ago.
Laxmi Organic Industries Limited is an India-based company, which is engaged in the business of specialty chemicals. The Company manufactures ethyl acetate, acetic acid and diketene derivative products (DDP). Its business segments include Acetyl Intermediates and Speciality Intermediates. The Acetyl Intermediates segment produces a range of acetyl products, including Bulk Solvents and Aldehydes. The Company manufactures a range of Acetyl products, including bulk solvents and aldehydes. Its acetyl products have applications in diverse industries, such as pharmaceutical formulations, printing inks, adhesives, coatings. It is also a manufacturer of Speciality Intermediates, such as Ketene & Diketene derivatives, including Esters, Amides and Arylides. Its Speciality Intermediates has applications in pharmaceuticals, synthesis and manufacturing of agrochemicals, pigments, and others. It also offers custom synthesis of Diketene Derivative Chemicals and Crop and Life Science Intermediates.