Earnings | Alkyl Amines Chemicals Ltd.(NSE:ALKYLAMINE): Q3FY23 Results Out; Total Income rise 3% YoY

Alkyl Amines Chemicals Ltd.(NSE:ALKYLAMINE) is a specialty chemical company that manufactures and supplies a range of amines, amine derivatives, and other specialty chemicals used in various industries, including pharmaceuticals, agrochemicals, and water treatment. The company operates globally and has a strong presence in India, with manufacturing facilities in various locations. The company has a focus on research and development, and has been consistently investing in new product development and process improvement to stay competitive in the market.

The company has reported its financial results for the period ended December 31, 2022. During the period, the company reported a total income of Rs. 392.87 crore, a decrease from the previous quarter’s total income of Rs. 411.20 crore. However, the company’s net profit for the period was Rs. 45.70 crore, compared to Rs. 52.41 crore in the previous quarter.

For the 9 months period ended December 31, 2022, the company reported total income of Rs. 1281.73 crore, an increase from the total income of Rs. 1127.92 crore reported for the same period in the previous year. The net profit for the period was Rs. 180 crore, compared to Rs. 178.51 crores for the same period in the previous year. The company’s earnings per share (EPS) for the period ended December 31, 2022, was Rs. 8.93, compared to Rs. 10.24 for the previous quarter and Rs. 8.97 for the same period in the previous year. For the 9 months period ended December 31, 2022, the EPS was Rs. 35.18, compared to Rs. 34.88 for the same period in the previous year.

Overall, Alkyl Amines Chemicals Ltd. reported a decline in total income for the period ended December 31, 2022, but still maintained a healthy net profit. The company has a strong position in the specialty chemicals market and continues to invest in research and development to stay competitive.