Kamat Hotels (India) 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 838.11 million compared to INR 513.76 million a year ago. Revenue was INR 844.45 million compared to INR 516.95 million a year ago. Net income was INR 277.71 million compared to INR 12.54 million a year ago. Basic earnings per share from continuing operations was INR 11.77 compared to INR 0.53 a year ago. Diluted earnings per share from continuing operations was INR 11.77 compared to INR 0.53 a year ago.
For the nine months, sales was INR 2,144.8 million compared to INR 982.88 million a year ago. Revenue was INR 2,168.21 million compared to INR 990.74 million a year ago. Net income was INR 417.19 million compared to net loss of INR 199.09 million a year ago. Basic earnings per share from continuing operations was INR 17.69 compared to basic loss per share from continuing operations of INR 8.44 a year ago. Diluted earnings per share from continuing operations was INR 17.69 compared to diluted loss per share from continuing operations of INR 8.44 a year ago.