Kandagiri Spinning Mills Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 13.93 million compared to INR 20.01 million a year ago. Net income was INR 7.84 million compared to INR 1.18 million a year ago. Basic earnings per share from continuing operations was INR 2.03 compared to INR 0.3 a year ago.
For the nine months, revenue was INR 23.3 million compared to INR 47.05 million a year ago. Net income was INR 9.6 million compared to INR 8.33 million a year ago. Basic earnings per share from continuing operations was INR 2.49 compared to INR 2.16 a year ago.