Gujarat Cotex Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 38.33 million compared to INR 45.23 million a year ago. Revenue was INR 38.4 million compared to INR 70.06 million a year ago. Net income was INR 0.119 million compared to INR 24.91 million a year ago. Basic earnings per share from continuing operations was INR 0.01 compared to INR 1.75 a year ago. Diluted earnings per share from continuing operations was INR 0.01 compared to INR 1.75 a year ago.
For the nine months, sales was INR 136.31 million compared to INR 100 million a year ago. Revenue was INR 136.43 million compared to INR 124.84 million a year ago. Net income was INR 0.945 million compared to INR 24.93 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to INR 1.75 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to INR 1.75 a year ago.