Camlin Fine Sciences Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 05:47 am EST
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Camlin Fine Sciences Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,858.86 million compared to INR 3,878.35 million a year ago. Revenue was INR 3,875.5 million compared to INR 3,975.98 million a year ago. Net loss was INR 117.86 million compared to net income of INR 240.44 million a year ago. Basic loss per share from continuing operations was INR 0.71 compared to basic earnings per share from continuing operations of INR 1.73 a year ago. Diluted loss per share from continuing operations was INR 0.7 compared to diluted earnings per share from continuing operations of INR 1.71 a year ago.
For the nine months, sales was INR 12,113.68 million compared to INR 12,548.56 million a year ago. Revenue was INR 12,211.61 million compared to INR 12,648.41 million a year ago. Net loss was INR 156.14 million compared to net income of INR 429.46 million a year ago. Basic loss per share from continuing operations was INR 0.94 compared to basic earnings per share from continuing operations of INR 2.86 a year ago. Diluted loss per share from continuing operations was INR 0.93 compared to diluted earnings per share from continuing operations of INR 2.83 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.