Ovobel Foods 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 546.58 million compared to INR 338.89 million a year ago. Revenue was INR 546.58 million compared to INR 338.89 million a year ago. Net income was INR 95.29 million compared to net loss of INR 0.655 million a year ago. Basic earnings per share from continuing operations was INR 10.03 compared to basic loss per share from continuing operations of INR 0.06 a year ago.
For the nine months, sales was INR 1,631.66 million compared to INR 889.49 million a year ago. Revenue was INR 1,631.66 million compared to INR 889.49 million a year ago. Net income was INR 241.51 million compared to net loss of INR 50.67 million a year ago. Basic earnings per share from continuing operations was INR 25.42 compared to basic loss per share from continuing operations of INR 4.83 a year ago.