Akshar Spintex 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 448.03 million compared to INR 310.35 million a year ago. Revenue was INR 453.25 million compared to INR 317.83 million a year ago. Net income was INR 6.96 million compared to INR 4.72 million a year ago. Basic earnings per share from continuing operations was INR 0.025 compared to INR 0.0167 a year ago. Diluted earnings per share from continuing operations was INR 0.025 compared to INR 0.0167 a year ago.
For the nine months, sales was INR 1,268.2 million compared to INR 981.43 million a year ago. Revenue was INR 1,290.75 million compared to INR 997.94 million a year ago. Net income was INR 24.98 million compared to net loss of INR 62.04 million a year ago. Basic earnings per share from continuing operations was INR 0.0833 compared to basic loss per share from continuing operations of INR 0.2083 a year ago. Diluted earnings per share from continuing operations was INR 0.0833 compared to diluted loss per share from continuing operations of INR 0.2083 a year ago.