Oriental Carbon & Chemicals Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
November 03, 2020 at 05:07 am
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Oriental Carbon & Chemicals Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 935.283 million compared to INR 992.794 million a year ago. Net income was INR 212.36 million compared to INR 168.568 million a year ago. Basic earnings per share from continuing operations was INR 21.25 compared to INR 16.88 a year ago. For the half year, total revenue was INR 1,450.762 million compared to INR 2,062.104 million a year ago. Net income was INR 222.306 million compared to INR 400.78 million a year ago. Basic earnings per share from continuing operations was INR 22.25 compared to INR 40.12 a year ago.
Oriental Carbon & Chemicals Limited is an India-based company, which is engaged in manufacturing of insoluble sulfur. The Company's segments include Chemicals and Investments. The Companyâs insoluble sulfur includes regular grades, high stability grades and special grades. Its regular grades are Diamond Sulf OT-10, Diamond Sulf OT-20 and Diamond Sulf OT-33. Its high stability grades are diamond Sulf OT-10 HS, Diamond Sulf OT-20 HS and Diamond Sulf OT-33 HS. Its special grades are Diamond Sulf OT-20 HD and Diamond Sulf OT-25 AS. The Company manufactures commercial grade, battery grade sulfuric acid and Oleum. The Companyâs sulfuric acid is used as a dehydrating agent, catalyst and active reactant in chemical processes, solvents, and absorbents. Its battery grade is used in storage batteries, rayon, dye, acid slurry and pharmaceutical applications. Its commercial grade is used in the manufacturing of steel, heavy chemicals, and super-phosphates.