Tai Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 05, 2024 at 05:19 pm IST
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Tai Industries 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 262.36 million compared to INR 509.16 million a year ago. Revenue was INR 265.42 million compared to INR 545.11 million a year ago. Net income was INR 0.935 million compared to INR 21.92 million a year ago. Basic earnings per share from continuing operations was INR 0.16 compared to INR 3.65 a year ago. Diluted earnings per share from continuing operations was INR 0.16 compared to INR 3.65 a year ago. Basic earnings per share was INR 0.16 compared to INR 3.65 a year ago. Diluted earnings per share was INR 0.16 compared to INR 3.65 a year ago.
For the nine months, sales was INR 1,138.44 million compared to INR 1,823.05 million a year ago. Revenue was INR 1,160.66 million compared to INR 1,879.12 million a year ago. Net income was INR 7.71 million compared to INR 39.54 million a year ago. Basic earnings per share from continuing operations was INR 1.28 compared to INR 6.59 a year ago. Diluted earnings per share from continuing operations was INR 1.28 compared to INR 6.59 a year ago. Basic earnings per share was INR 1.28 compared to INR 6.59 a year ago. Diluted earnings per share was INR 1.28 compared to INR 6.59 a year ago.
TAI Industries Limited is an India-based company, which is engaged in the marketing and distribution of DRUK brand of fruit products, such as squashes, jams, fruit juices, pickles, sauces and other, which are manufactured by Bhutan Fruit Products Private Limited, in Bhutan. The Company is also engaged in trading and marketing of industrial and mineral products and raw materials such as charcoal, ferro silicon and other. The Company has three divisions: Fruit Products, Trading and Retail. Fruit Products division provides squashes, fruit drinks, juices, mango panna, fruit crushes, syrups, ketchups, table sauces, tai sauces, vinegar white, fruit jams & jelly, orange marmalade, canned fruits, canned vegetables, pickles, and cornflakes. Trading division markets and distributes ferro silicon and calcium carbide, through Tashi Commercial Corporation, under the brand name DRUK, in Indian market. Retail division has a retail chain C3, a marketplace. These stores cater to daily needs.