Axita Cotton 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 1,304.5 million compared to INR 1,683.6 million a year ago. Revenue was INR 1,313.88 million compared to INR 1,733 million a year ago. Net income was INR 46.96 million compared to INR 54.03 million a year ago. Basic earnings per share from continuing operations was INR 0.18 compared to INR 0.3075 a year ago. Diluted earnings per share from continuing operations was INR 0.18 compared to INR 0.3075 a year ago.
For the nine months, sales was INR 4,267.25 million compared to INR 5,316.02 million a year ago. Revenue was INR 4,289.55 million compared to INR 5,388.74 million a year ago. Net income was INR 114.4 million compared to INR 90.94 million a year ago. Basic earnings per share from continuing operations was INR 0.435 compared to INR 0.5175 a year ago. Diluted earnings per share from continuing operations was INR 0.435 compared to INR 0.5175 a year ago.