Camlin Fine Sciences Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 22, 2023 at 07:19 am EDT
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Camlin Fine Sciences 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 4,267.08 million compared to INR 3,892.25 million a year ago. Revenue was INR 4,287.05 million compared to INR 4,105.43 million a year ago. Net income was INR 91.61 million compared to INR 151.3 million a year ago. Basic earnings per share from continuing operations was INR 0.59 compared to INR 1.1 a year ago. Diluted earnings per share from continuing operations was INR 0.58 compared to INR 1.08 a year ago.
For the full year, sales was INR 16,815.64 million compared to INR 14,120.89 million a year ago. Revenue was INR 16,873.63 million compared to INR 14,451.23 million a year ago. Net income was INR 521.06 million compared to INR 606.78 million a year ago. Basic earnings per share from continuing operations was INR 3.45 compared to INR 4.61 a year ago. Diluted earnings per share from continuing operations was INR 3.41 compared to INR 4.53 a year ago.
Camlin Fine Sciences Limited is an India-based company, which is engaged in research, development, manufacturing and marketing of specialty chemicals, ingredients, and additive blends. The Company is a provider of diverse advanced antioxidants and shelf-life extensions, aroma ingredients, performance chemical products and related solutions for food, animal nutrition, pet food, pharmaceutical and petrochemical industries globally. Its products include TBHQ, Catechol, BHA, 4-Tertiary Butyl Catechol, Xtendra, Butylated Hydroxy Toluene, Guaiacol, Para DiMethoxy Benzene, NaSure, MEHQ, Ascorbyl Palmitate, and HQEE. The Company manufactures specialty chemicals that can be categorized into shelf-life solutions, performance chemicals, aroma ingredients and health and wellness. Its products are used in varied industries, such as human food, animal feed, pet food, agrochemicals, petrochemicals, pharmaceuticals, nutraceuticals, flavors and fragrances and health care.