Mayur Uniquoters Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 05:40 am EST
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Mayur Uniquoters 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 1,782.64 million compared to INR 1,778.95 million a year ago. Revenue was INR 1,874.07 million compared to INR 1,830.89 million a year ago. Net income was INR 272.99 million compared to INR 265.61 million a year ago. Basic earnings per share from continuing operations was INR 6.22 compared to INR 6.04 a year ago. Diluted earnings per share from continuing operations was INR 6.22 compared to INR 6.04 a year ago.
For the nine months, sales was INR 5,820.91 million compared to INR 5,823.93 million a year ago. Revenue was INR 6,072.52 million compared to INR 5,983.03 million a year ago. Net income was INR 902.53 million compared to INR 808.24 million a year ago. Basic earnings per share from continuing operations was INR 20.54 compared to INR 18.37 a year ago. Diluted earnings per share from continuing operations was INR 20.54 compared to INR 18.37 a year ago.
Mayur Uniquoters Limited is an India-based manufacturer of artificial leather. The Company is engaged in the business of manufacturing of coated textile fabrics, artificial leather and polyvinyl chloride (PVC) vinyl, which are widely used in different segments such as footwear, furnishings, automotive original equipment manufacturer, automotive replacement market, and automotive exports. It operates through a single segment, manufacturing and sale of PU/PVC Synthetic Leather. Its products include automotive, footwear, furnishing, and leather goods and garments. It offers a range of leather for the automotive industry, which is used in various parts, including seats, door trims, steering wheel covers, gear boot and knob covers, roof lining, sun visors and hoods. It offers products for various parts of footwear, such as shoe uppers, shoe lining and insoles. These products find application in formal shoe and boots, sports shoes, sandals, slippers as well as high end womenâs footwear.