Sirca Paints India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 11, 2023 at 02:25 am EST
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Sirca Paints 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 836.01 million compared to INR 729.16 million a year ago. Revenue was INR 848.04 million compared to INR 744.5 million a year ago. Net income was INR 155.09 million compared to INR 144.16 million a year ago. Basic earnings per share from continuing operations was INR 2.83 compared to INR 2.63 a year ago. Diluted earnings per share from continuing operations was INR 2.83 compared to INR 2.63 a year ago.
For the six months, sales was INR 1,565.93 million compared to INR 1,342.61 million a year ago. Revenue was INR 1,592.37 million compared to INR 1,370.15 million a year ago. Net income was INR 284.1 million compared to INR 260.9 million a year ago. Basic earnings per share from continuing operations was INR 5.18 compared to INR 4.76 a year ago. Diluted earnings per share from continuing operations was INR 5.18 compared to INR 4.76 a year ago.
Sirca Paints India Limited is an India-based manufacturer of wood coating products. The Company is engaged in the manufacturing and sales of wood coatings and other decorative paints, under its owned or exclusively licensed brands, such as Sirca, Unico, San Marco and DuranteVivan. The Company is involved in the business of e import and distribution of total product range of Sirca S.P.A. Italy. Its product range includes polyurethane coatings (PU) products, stains, special effects, acrylic PU, polyester, Wall paints, U.V. products. Its paints and textures include interior, exterior, wall primer, finishes/effects, and wall putty. Its interior provides Amore Gloss Luxury Emulsion, Double Face Emulsion, Fresco Matt Luxury Emulsion, Fresco Plus Silk Emulsion, Rovere Economy Emulsion Interior and Serene Premium Emulsion Interior. The exterior provides Double Face Emulsion, Rossa Weatherproof Emulsion Exterior, Stellar Economy Emulsion and Tulip Gloss Weatherproof Emulsion Exterior.