Sovereign Diamonds 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 71.81 million compared to INR 61.73 million a year ago. Revenue was INR 75.08 million compared to INR 65.13 million a year ago. Net income was INR 4.5 million compared to INR 2.35 million a year ago. Basic earnings per share from continuing operations was INR 0.78 compared to INR 0.41 a year ago. Diluted earnings per share from continuing operations was INR 0.78 compared to INR 0.41 a year ago.
For the nine months, sales was INR 193.82 million compared to INR 207.11 million a year ago. Revenue was INR 203.57 million compared to INR 216.54 million a year ago. Net income was INR 10.49 million compared to INR 10.29 million a year ago. Basic earnings per share from continuing operations was INR 1.81 compared to INR 1.78 a year ago. Diluted earnings per share from continuing operations was INR 1.81 compared to INR 1.78 a year ago.