Sharda Cropchem Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 24, 2023 at 02:37 pm IST
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Sharda Cropchem Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 10,173 million compared to INR 8,798.11 million a year ago. Revenue was INR 10,200.41 million compared to INR 8,867.19 million a year ago. Net income was INR 1,083.93 million compared to INR 1,021.96 million a year ago. Basic earnings per share from continuing operations was INR 12.01 compared to INR 11.33 a year ago.
For the nine months, sales was INR 25,633.32 million compared to INR 21,452.66 million a year ago. Revenue was INR 25,965.7 million compared to INR 21,714.91 million a year ago. Net income was INR 1,431.25 million compared to INR 1,722.79 million a year ago. Basic earnings per share from continuing operations was INR 15.86 compared to INR 19.1 a year ago.
Sharda Cropchem Limited is an India-based agrochemicals company. The Company is focused on agrochemicals and non-agrichemical businesses. The Company operates through an asset-light business model, and its core competency lies in developing product dossiers and obtaining product registrations in different countries. The Company operates through two segments: Agrochemicals and Non-agrochemicals. Agrochemicals segment is engaged in Insecticides, Herbicides, Fungicides and Biocides. Non-agrochemicals segment is engaged in Conveyor Belts, V Belts and Timing Belts. Its product portfolio in the agrochemical business comprises formulations and generic active ingredients in fungicide, herbicide and insecticide segments for protecting different kinds of crops, as well as serving turf and specialty markets and a range of formulations and generic active ingredients. The product portfolio in the non-agrochemical business comprises belts, general chemicals, dyes and dye intermediates.