Emmbi Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 02:16 am EST
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Emmbi Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 900.74 million compared to INR 1,281.73 million a year ago. Revenue was INR 765.76 million compared to INR 1,096.44 million a year ago. Net income was INR 10.53 million compared to INR 50.6 million a year ago. Basic earnings per share from continuing operations was INR 0.6 compared to INR 2.86 a year ago. Diluted earnings per share from continuing operations was INR 0.6 compared to INR 2.86 a year ago.
For the nine months, sales was INR 3,176.28 million compared to INR 3,826.35 million a year ago. Revenue was INR 2,709.59 million compared to INR 3,266.08 million a year ago. Net income was INR 65.43 million compared to INR 144.41 million a year ago. Basic earnings per share from continuing operations was INR 3.7 compared to INR 8.16 a year ago. Diluted earnings per share from continuing operations was INR 3.7 compared to INR 8.16 a year ago.
Emmbi Industries Limited is primarily engaged in manufacturing high-density international business, domestic business, Avana Consumer Durables, and Avana Consumer Goods. The Companyâs specialty packaging products include standard flexible intermediate bulk containers (FIBC), tunnel lift FIBC, single/two-loop, woven sacks, garden waste bag, skip bag, planter/hedge bag, ventilated and net FIBC, box bag and fabric. Its advanced composites products include space confinement range, dewatering FIBC, anti-corrosive Range, rodent repellent range, flame retardant range, fall arrest system, tamper evidence FIBC, self-standing FIBC and asbestos range. Its water conservation products include geo bags, canal liner, pond liner, flex tank and flood control. The Companyâs agro polymer products include ground cover, weed mats, mulch films, and crop cover. Its products also include slings, protective furniture covers and reclaim30. Its manufacturing facility is located at Silvassa in Gujarat.
EMMBI INDUSTRIES LIMITED 
