Advanced Enzyme Technologies Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 13, 2023 at 03:53 am EDT
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Advanced Enzyme Technologies Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,387.1 million compared to INR 1,317.34 million a year ago. Revenue was INR 1,497.88 million compared to INR 1,351.16 million a year ago. Net income was INR 321.23 million compared to INR 244.3 million a year ago. Basic earnings per share from continuing operations was INR 2.87 compared to INR 2.19 a year ago. Diluted earnings per share from continuing operations was INR 2.67 compared to INR 2.18 a year ago.
For the full year, sales was INR 5,406.37 million compared to INR 5,293.83 million a year ago. Revenue was INR 5,660.94 million compared to INR 5,358.03 million a year ago. Net income was INR 1,056.39 million compared to INR 1,195.82 million a year ago. Basic earnings per share from continuing operations was INR 9.45 compared to INR 10.7 a year ago. Diluted earnings per share from continuing operations was INR 9.45 compared to INR 10.68 a year ago.
Advanced Enzyme Technologies Limited is an India-based company, engaged in manufacturing enzymes and probiotics. The Company is focused on the research and development, manufacturing, and marketing of approximately 400 products, which is developed from over 68 indigenous enzymes and probiotics. It provides solutions to various industries, such as human health care and nutrition, animal nutrition, baking, fruit, and vegetable processing, brewing, and malting, grain processing, protein modification, dairy processing, textile processing and others. It offers products and solutions for human nutrition, which include serratiopeptidase, fungal lactase, fungal lipase, and papain; animal nutrition, which include DigeGrain X, DigeGrain XL and DigeGrain M; food processing, including dairy and cheese processing and yeast processing, and non-food processing, including textiles processing, leather, and biofuels. Its oils and fats processing include oil extraction, oil refining, and others.