Thirumalai Chemicals Limited Announces Standalone and Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
January 28, 2017 at 05:52 am
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Thirumalai Chemicals Limited announced standalone and consolidated unaudited earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the standalone company reported net sales/income from operations of INR 2,145.7 million, profit from operations before other income and finance costs and exceptional items of INR 302.2 million, profit from ordinary activities before tax of INR 292.6 million, net profit of INR 180.3 million or INR 17.6 basic and diluted per share compared to the net sales/income from operations of INR 1,629.7 million, profit from operations before other income and finance costs and exceptional items of INR 54.1 million, profit from ordinary activities before tax of INR 35.7 million, net profit of INR 21.7 million or INR 2.12 basic and diluted per share for the same quarter a year ago.
For the year to date, the standalone company reported net sales/income from operations of INR 5,950.3 million, profit from operations before other income and finance costs and exceptional items of INR 837.9 million, profit from ordinary activities before tax of INR 797.4 million, net profit of INR 514.0 million or INR 50.19 basic and diluted per share compared to the net sales/income from operations of INR 5,814.3 million, profit from operations before other income and finance costs and exceptional items of INR 508.1 million, profit from ordinary activities before tax of INR 432.9 million, net profit of INR 286.6 million or INR 27.99 basic and diluted per share for the same period a year ago.
For the quarter, the consolidated company reported net sales/income from operations of INR 2,463.7 million, profit from operations before other income and finance costs and exceptional items of INR 300.0 million, profit from ordinary activities before tax of INR 270.0 million, net profit of INR 155.9 million or INR 15.22 basic and diluted per share compared to the net sales/income from operations of INR 2,032.9 million, profit from operations before other income and finance costs and exceptional items of INR 83.7 million, profit from ordinary activities before tax of INR 51.6 million, net profit of INR 44.7 million or INR 4.37 basic and diluted per share for the same quarter a year ago.
For the year to date, the consolidated company reported net sales/income from operations of INR 7,152.0 million, profit from operations before other income and finance costs and exceptional items of INR 910.7 million, profit from ordinary activities before tax of INR 814.2 million, net profit of INR 522.2 million or INR 51 basic and diluted per share compared to the net sales/income from operations of INR 6,953.3 million, profit from operations before other income and finance costs and exceptional items of INR 337.5 million, profit from ordinary activities before tax of INR 222.6 million, net profit of INR 86.0 million or INR 8.4 basic and diluted per share for the same period a year ago.
Thirumalai Chemicals Limited is an India-based company, which is engaged in the manufacturing of phthalic anhydride, maleic anhydride, fumaric acid and fine chemicals. It operates through the manufacture and sale of organic chemicals segment. Its product, phthalic anhydride, is used in the manufacturing of unsaturated polyester resins (UPR), which are commonly used in fiberglass-reinforced plastics. Phthalic anhydride also has applications in the production of herbicides, insecticides, insect repellents, fire retardants, polyester polyols, and rubber scorch inhibitors. Its malic acid is used in the manufacture of skin and dental care products and can be used in a number of technical applications, such as electroplating and metal cleaning. The fumaric acid products are used in the manufacturing of medicines, drinks, food, animal feed, cleansing agents, unsaturated polyester, alkyd resins, and printing inks. Its diethyl phthalate (DEP) is used to make plastics more flexible.