Orient Abrasives 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 550.53 million compared to INR 465.8 million a year ago. Revenue was INR 575.65 million compared to INR 482.54 million a year ago. Net income was INR 24.97 million compared to INR 10.41 million a year ago. Basic earnings per share from continuing operations was INR 0.21 compared to INR 0.09 a year ago. Diluted earnings per share from continuing operations was INR 0.21 compared to INR 0.09 a year ago.
For the nine months, sales was INR 2,150.29 million compared to INR 1,925.68 million a year ago. Revenue was INR 2,217.65 million compared to INR 1,953.9 million a year ago. Net income was INR 83.28 million compared to INR 46.98 million a year ago. Basic earnings per share from continuing operations was INR 0.7 compared to INR 0.39 a year ago. Diluted earnings per share from continuing operations was INR 0.7 compared to INR 0.39 a year ago.