Tatva Chintan Pharma Chem Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 20, 2024 at 04:56 am
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Tatva Chintan Pharma Chem Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 842.06 million compared to INR 1,206.07 million a year ago. Revenue was INR 854.16 million compared to INR 1,216.84 million a year ago. Net income was INR 34.55 million compared to INR 116.23 million a year ago. Basic earnings per share from continuing operations was INR 1.48 compared to INR 5.24 a year ago. Diluted earnings per share from continuing operations was INR 1.48 compared to INR 5.24 a year ago.
For the nine months, sales was INR 2,952.38 million compared to INR 2,991 million a year ago. Revenue was INR 2,982.19 million compared to INR 3,039.99 million a year ago. Net income was INR 207.4 million compared to INR 285.28 million a year ago. Basic earnings per share from continuing operations was INR 9.13 compared to INR 12.87 a year ago. Diluted earnings per share from continuing operations was INR 9.13 compared to INR 12.87 a year ago.
Tatva Chintan Pharma Chem Limited is an India-based specialty chemical manufacturing company. The Company is engaged in the manufacturing of verity of chemicals include structure directing agents (SDAs), phase transfer catalysts (PTCs), electrolyte salts for capacitor batteries, and pharmaceutical and agrochemical intermediates, and other specialty chemicals (PASC). Its SDAs are quarternary salts, which helps in the formation of channels and pores during the synthesis of zeolites. Its PTCs are used to facilitate the migration of a reactant from one phase into another phase where the reaction occurs in a heterogeneous multi-phase system. The Company operates two manufacturing facilities situated at Ankleshwar and Dahej in Bharuch, Gujarat, India. The Company is focused on serving various customers across various industries, including the automotive, petroleum, pharmaceutical, agro chemicals, paints and coatings, dyes and pigments, personal care and flavors and fragrances industries.