Aarti Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 03, 2023 at 06:51 am
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Aarti 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 18,537.7 million compared to INR 22,883.2 million a year ago. Revenue was INR 16,679.6 million compared to INR 20,762.5 million a year ago. Net income was INR 1,365.3 million compared to INR 7,253 million a year ago. Basic earnings per share from continuing operations was INR 3.77 compared to INR 20.01 a year ago. Diluted earnings per share from continuing operations was INR 3.77 compared to INR 20.01 a year ago.
For the nine months, sales was INR 54,564.8 million compared to INR 52,286.4 million a year ago. Revenue was INR 49,636.5 million compared to INR 46,494.3 million a year ago. Net income was INR 3,965.5 million compared to INR 10,401.7 million a year ago. Basic earnings per share from continuing operations was INR 10.94 compared to INR 28.69 a year ago. Diluted earnings per share from continuing operations was INR 10.94 compared to INR 28.69 a year ago.
Aarti Industries Limited is an India-based company, which is engaged in manufacturing and dealing in specialty chemicals and intermediates. The Company specializes in benzene-based derivatives. The Company operates through two segments: Specialty Chemicals and Pharmaceuticals. Its Specialty Chemicals segment serves polymer and additives; agrochemicals and intermediates; dyes, pigments, paints, and printing inks; pharma intermediates, and fuel additives, rubber chemicals, and resins markets. Its Pharmaceuticals segment serves active pharmaceutical ingredients and intermediates for innovators and generic companies. The Companyâs chemical product category include Chlorination, Nitration, Hydrogenation, Ammonolysis, Halex, Dinitro chlorination, Alkylation, Hydrolysis, Methoxylation, Esterification, Diazotization, Sulphonation, Condensation, N-Alkylation, Oxidation, and Other (inorganic). The Company also provides for analytical and process safety testing.
AARTI INDUSTRIES LIMITED 
