Kothari Fermentation and Biochem 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 285.82 million compared to INR 298.19 million a year ago. Revenue was INR 285.82 million compared to INR 298.25 million a year ago. Net income was INR 3.78 million compared to net loss of INR 23.39 million a year ago. Basic earnings per share from continuing operations was INR 0.25 compared to basic loss per share from continuing operations of INR 1.56 a year ago. Diluted earnings per share from continuing operations was INR 0.25 compared to diluted loss per share from continuing operations of INR 1.56 a year ago.
For the nine months, sales was INR 768.96 million compared to INR 779.76 million a year ago. Revenue was INR 769.21 million compared to INR 780.32 million a year ago. Net loss was INR 57.81 million compared to INR 38 million a year ago. Basic loss per share from continuing operations was INR 3.85 compared to INR 2.53 a year ago. Diluted loss per share from continuing operations was INR 3.85 compared to INR 2.53 a year ago.