Tatva Chintan Pharma Chem Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 02, 2023 at 03:57 pm IST
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Tatva Chintan Pharma Chem 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 966.69 million compared to INR 900.91 million a year ago. Revenue was INR 974.25 million compared to INR 920.37 million a year ago. Net income was INR 77.81 million compared to INR 71.11 million a year ago. Basic earnings per share from continuing operations was INR 3.43 compared to INR 3.21 a year ago. Diluted earnings per share from continuing operations was INR 3.43 compared to INR 3.21 a year ago.
For the six months, sales was INR 2,110.33 million compared to INR 1,784.93 million a year ago. Revenue was INR 2,128.04 million compared to INR 1,823.15 million a year ago. Net income was INR 172.85 million compared to INR 169.09 million a year ago. Basic earnings per share from continuing operations was INR 7.72 compared to INR 7.63 a year ago. Diluted earnings per share from continuing operations was INR 7.72 compared to INR 7.63 a year ago.
Tatva Chintan Pharma Chem Limited is an India-based specialty chemical manufacturing company. The Company is engaged in the manufacturing of verity of chemicals include structure directing agents (SDAs), phase transfer catalysts (PTCs), electrolyte salts for capacitor batteries, and pharmaceutical and agrochemical intermediates, and other specialty chemicals (PASC). Its SDAs are quarternary salts, which helps in the formation of channels and pores during the synthesis of zeolites. Its PTCs are used to facilitate the migration of a reactant from one phase into another phase where the reaction occurs in a heterogeneous multi-phase system. The Company operates two manufacturing facilities situated at Ankleshwar and Dahej in Bharuch, Gujarat, India. The Company is focused on serving various customers across various industries, including the automotive, petroleum, pharmaceutical, agro chemicals, paints and coatings, dyes and pigments, personal care and flavors and fragrances industries.
TATVA CHINTAN PHARMA CHEM LIMITED 
