Ludlow Jute & Specialities 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 1,488.2 million compared to INR 1,203.1 million a year ago. Revenue was INR 1,488.8 million compared to INR 1,205.3 million a year ago. Net income was INR 9.3 million compared to INR 9.5 million a year ago. Basic earnings per share from continuing operations was INR 0.86 compared to INR 0.88 a year ago. Diluted earnings per share from continuing operations was INR 0.86 compared to INR 0.88 a year ago.
For the nine months, sales was INR 4,346.8 million compared to INR 2,721.4 million a year ago. Revenue was INR 4,351.6 million compared to INR 2,725.6 million a year ago. Net income was INR 118.3 million compared to net loss of INR 15.4 million a year ago. Basic earnings per share from continuing operations was INR 10.95 compared to basic loss per share from continuing operations of INR 1.43 a year ago. Diluted earnings per share from continuing operations was INR 10.95 compared to diluted loss per share from continuing operations of INR 1.43 a year ago.