Lorenzini Apparels Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 126.79 million compared to INR 121.61 million a year ago. Revenue was INR 143.98 million compared to INR 122.06 million a year ago. Net income was INR 23.73 million compared to INR 1.72 million a year ago. Basic earnings per share from continuing operations was INR 2.34 compared to INR 0.17 a year ago. Diluted earnings per share from continuing operations was INR 2.34 compared to INR 0.17 a year ago.
For the nine months, sales was INR 447.93 million compared to INR 334.2 million a year ago. Revenue was INR 471.42 million compared to INR 335.08 million a year ago. Net income was INR 49.82 million compared to INR 19.81 million a year ago. Basic earnings per share from continuing operations was INR 4.91 compared to INR 1.95 a year ago. Diluted earnings per share from continuing operations was INR 4.91 compared to INR 1.95 a year ago.