Ion Exchange Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 08:02 am EDT
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Ion Exchange (India) Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 5,329.7 million compared to INR 4,476.1 million a year ago. Revenue was INR 5,425.3 million compared to INR 4,557.4 million a year ago. Net income was INR 425 million compared to INR 389.9 million a year ago. Basic earnings per share from continuing operations was INR 3.585 compared to INR 3.289 a year ago. Diluted earnings per share from continuing operations was INR 3.585 compared to INR 3.289 a year ago.
For the six months, sales was INR 10,121.9 million compared to INR 8,300.1 million a year ago. Revenue was INR 10,304.1 million compared to INR 8,530.2 million a year ago. Net income was INR 757.7 million compared to INR 670.1 million a year ago. Basic earnings per share from continuing operations was INR 6.391 compared to INR 5.652 a year ago. Diluted earnings per share from continuing operations was INR 6.391 compared to INR 5.652 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.
ION EXCHANGE (INDIA) LIMITED 
