Akshar Spintex 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 310.35 million compared to INR 468.36 million a year ago. Revenue was INR 317.83 million compared to INR 477.81 million a year ago. Net income was INR 4.72 million compared to INR 34.23 million a year ago. Basic earnings per share from continuing operations was INR 0.0158 compared to INR 0.1142 a year ago. Diluted earnings per share from continuing operations was INR 0.0158 compared to INR 0.1142 a year ago.
For the nine months, sales was INR 981.43 million compared to INR 1,251.75 million a year ago. Revenue was INR 997.94 million compared to INR 1,275.6 million a year ago. Net loss was INR 62.04 million compared to net income of INR 66.56 million a year ago. Basic loss per share from continuing operations was INR 0.2067 compared to basic earnings per share from continuing operations of INR 0.2217 a year ago. Diluted loss per share from continuing operations was INR 0.2067 compared to diluted earnings per share from continuing operations of INR 0.2217 a year ago.