Ion Exchange Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 25, 2013 at 09:11 am
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Ion Exchange (India) Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,851.6 million against INR 1,536.7 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 68.2 million against INR 32.8 million a year ago. Profit before tax was INR 63.2 million against INR 43.6 million a year ago. Net profit after tax was INR 41.3 million or INR 2.95 per diluted share against net profit after tax of INR 30.5 million or INR 2.22 per diluted share a year ago.
For the nine months, the company reported net sales/income from operations (net of excise duty) of INR 5,125.2 million against INR 4,450.4 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 198.5 million against INR 112.8 million a year ago. Profit before tax was INR 176.1 million against INR 137.3 million a year ago. Net profit after tax was INR 116.8 million or INR 8.41 per diluted share against net profit after tax of INR 94.6 million or INR 6.83 per diluted share 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.