Garnet International 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 64.65 million compared to INR 23.76 million a year ago. Revenue was INR 144.28 million compared to INR 100.6 million a year ago. Net income was INR 3.96 million compared to INR 0.204 million a year ago. Basic earnings per share from continuing operations was INR 0.24. Diluted earnings per share from continuing operations was INR 0.24.
For the nine months, sales was INR 191.36 million compared to INR 98.33 million a year ago. Revenue was INR 491.29 million compared to INR 333.94 million a year ago. Net income was INR 24.64 million compared to net loss of INR 15.84 million a year ago. Basic earnings per share from continuing operations was INR 1.41 compared to basic loss per share from continuing operations of INR 0.58 a year ago. Diluted earnings per share from continuing operations was INR 1.41 compared to diluted loss per share from continuing operations of INR 0.58 a year ago.