Axtel Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 379.93 million compared to INR 443.94 million a year ago. Revenue was INR 381.96 million compared to INR 458.98 million a year ago. Net income was INR 19.4 million compared to INR 69.97 million a year ago. Basic earnings per share from continuing operations was INR 1.2 compared to INR 4.33 a year ago. Diluted earnings per share from continuing operations was INR 1.2 compared to INR 4.33 a year ago.
For the nine months, sales was INR 886.91 million compared to INR 1,158.11 million a year ago. Revenue was INR 915.24 million compared to INR 1,182.27 million a year ago. Net income was INR 70.21 million compared to INR 191 million a year ago. Basic earnings per share from continuing operations was INR 4.35 compared to INR 11.82 a year ago. Diluted earnings per share from continuing operations was INR 4.35 compared to INR 11.82 a year ago.