Arvee Laboratories (India) Ltd. reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 79.01 million compared to INR 199.45 million a year ago. Revenue was INR 80.23 million compared to INR 200.73 million a year ago. Net income was INR 5.34 million compared to INR 15.3 million a year ago. Basic earnings per share from continuing operations was INR 0.48 compared to INR 1.39 a year ago. Diluted earnings per share from continuing operations was INR 0.48 compared to INR 1.39 a year ago.
For the nine months, sales was INR 276.62 million compared to INR 381.85 million a year ago. Revenue was INR 279.15 million compared to INR 387.54 million a year ago. Net income was INR 17.88 million compared to INR 22.43 million a year ago. Basic earnings per share from continuing operations was INR 1.62 compared to INR 4.07 a year ago. Diluted earnings per share from continuing operations was INR 1.62 compared to INR 4.07 a year ago.