Oriental Carbon & Chemicals Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 19, 2023 at 05:54 am EDT
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Oriental Carbon & Chemicals Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,222.86 million compared to INR 1,264.01 million a year ago. Revenue was INR 1,225.79 million compared to INR 1,281.39 million a year ago. Net income was INR 126.28 million compared to INR 56.11 million a year ago. Basic earnings per share from continuing operations was INR 12.65 compared to INR 5.62 a year ago.
For the full year, sales was INR 5,358.58 million compared to INR 4,437.12 million a year ago. Revenue was INR 5,389.94 million compared to INR 4,517.61 million a year ago. Net income was INR 486.37 million compared to INR 430.71 million a year ago. Basic earnings per share from continuing operations was INR 48.69 compared to INR 43.11 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.
ORIENTAL CARBON & CHEMICALS LIMITED 
