Sirca Paints India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 09, 2021 at 11:45 am IST
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Sirca Paints India Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 605.99 million compared to INR 381 million a year ago. Revenue was INR 619.2 million compared to INR 387.79 million a year ago. Net income was INR 101.61 million compared to net loss of INR 43.11 million a year ago. Basic earnings per share from continuing operations was INR 3.71 compared to basic loss per share from continuing operations of INR 1.57 a year ago. Diluted earnings per share from continuing operations was INR 3.71 compared to diluted loss per share from continuing operations of INR 1.57 a year ago.
For the six months, sales was INR 927.25 million compared to INR 497.9 million a year ago. Revenue was INR 949.48 million compared to INR 510.07 million a year ago. Net income was INR 123.74 million compared to net loss of INR 50.09 million a year ago. Basic earnings per share from continuing operations was INR 4.52 compared to basic loss per share from continuing operations of INR 1.83 a year ago. Diluted earnings per share from continuing operations was INR 4.52 compared to diluted loss per share from continuing operations of INR 1.83 a year ago.
Sirca Paints India Limited is an India-based manufacturer of wood coating products. The Company is engaged in the manufacturing and sales of wood coatings and other decorative paints, under its owned or exclusively licensed brands, such as Sirca, Unico, San Marco and DuranteVivan. The Company is involved in the business of e import and distribution of total product range of Sirca S.P.A. Italy. Its product range includes polyurethane coatings (PU) products, stains, special effects, acrylic PU, polyester, Wall paints, U.V. products. Its paints and textures include interior, exterior, wall primer, finishes/effects, and wall putty. Its interior provides Amore Gloss Luxury Emulsion, Double Face Emulsion, Fresco Matt Luxury Emulsion, Fresco Plus Silk Emulsion, Rovere Economy Emulsion Interior and Serene Premium Emulsion Interior. The exterior provides Double Face Emulsion, Rossa Weatherproof Emulsion Exterior, Stellar Economy Emulsion and Tulip Gloss Weatherproof Emulsion Exterior.