Ion Exchange Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 03, 2023 at 06:01 am
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Ion Exchange (India) 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 5,121.2 million compared to INR 3,882 million a year ago. Revenue was INR 5,246.9 million compared to INR 3,935.7 million a year ago. Net income was INR 480.5 million compared to INR 284.1 million a year ago. Basic earnings per share from continuing operations was INR 4.053 compared to INR 2.396 a year ago. Diluted earnings per share from continuing operations was INR 4.053 compared to INR 2.396 a year ago.
For the nine months, sales was INR 13,421.3 million compared to INR 10,805.1 million a year ago. Revenue was INR 13,777.1 million compared to INR 11,010.3 million a year ago. Net income was INR 1,150.6 million compared to INR 797.1 million a year ago. Basic earnings per share from continuing operations was INR 9.706 compared to INR 6.724 a year ago. Diluted earnings per share from continuing operations was INR 9.706 compared to INR 6.724 a year ago.
Ion Exchange (India) Limited is engaged in manufacturing resins, specialty chemicals for water and wastewater treatment as well as non-water applications. The Company provides a range of solutions across the water cycle from pre-treatment to process water treatment, wastewater treatment, recycle, zero liquid discharge, sewage treatment, packaged drinking water, and sea water desalination. It operates through three segments: Engineering, Chemicals, and Consumer Products. The Company offers water and environment management solutions to the industrial sector as well as homes, hotels, spas, educational institutions, hospitals, laboratories, the realty sector, defense establishments, and rural communities. It has manufacturing facilities at Hosur (Tamil Nadu), Patancheru (Telangana), Ankleshwar (Gujarat), Navi Mumbai (Maharashtra), and Goa. It has operations across South Asian Association for Regional Cooperation (SAARC) countries, South East Asia, Middle East, Africa and North America.
ION EXCHANGE (INDIA) LIMITED 
