DCW Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 14, 2024 at 03:31 am EST
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DCW 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 3,977.73 million compared to INR 5,792.25 million a year ago. Revenue was INR 4,021.36 million compared to INR 5,830.33 million a year ago. Net loss was INR 123.23 million compared to net income of INR 482.22 million a year ago. Basic loss per share from continuing operations was INR 0.42 compared to basic earnings per share from continuing operations of INR 1.63 a year ago. Diluted loss per share from continuing operations was INR 0.42 compared to diluted earnings per share from continuing operations of INR 1.63 a year ago.
For the nine months, sales was INR 12,499.02 million compared to INR 20,456.58 million a year ago. Revenue was INR 12,625.95 million compared to INR 20,565.97 million a year ago. Net income was INR 3.27 million compared to INR 1,566.3 million a year ago. Basic earnings per share from continuing operations was INR 0.01 compared to INR 5.31 a year ago. Diluted earnings per share from continuing operations was INR 0.01 compared to INR 5.31 a year ago.
DCW Limited is an India-based multi-products chemical company. The Company is engaged in the manufacture and sale of chemicals, such as soda ash, caustic soda, synthetic rutile, and others. The Companyâs segments include Soda Ash, Caustic Soda, Synthetic Iron Oxide Pigments, PVC, CPVC, and Others. Its commodity chemicals include soda ash, caustic soda, and poly vinyl chloride (PVC). Its intermediate chemicals include liquid chlorine, hydrochloric acid, trichloroethylene, utox, ferric chloride, and sodium bicarbonate, among others. The Company's specialty chemicals include synthetic rutile, synthetic iron oxide pigment (SIOP) and chlorinated poly vinyl chloride (C-PVC). The Company also manufacturers niche specialty chemicals in India. The Company has a diversified portfolio with over 12 products and a distribution network spanning over 12 countries with a major presence in the United States, Europe, Japan, Malaysia, and Netherlands.