Acknit Industries 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 478.99 million compared to INR 580.86 million a year ago. Revenue was INR 479.03 million compared to INR 581.09 million a year ago. Net income was INR 23.05 million compared to INR 25.64 million a year ago. Basic earnings per share from continuing operations was INR 7.58 compared to INR 8.43 a year ago. Diluted earnings per share from continuing operations was INR 7.58 compared to INR 8.43 a year ago.
For the nine months, sales was INR 1,854.85 million compared to INR 1,525.18 million a year ago. Revenue was INR 1,855.09 million compared to INR 1,525.99 million a year ago. Net income was INR 67.64 million compared to INR 55.82 million a year ago. Basic earnings per share from continuing operations was INR 22.25 compared to INR 18.36 a year ago. Diluted earnings per share from continuing operations was INR 22.25 compared to INR 18.36 a year ago.