Soma Textiles & Industries 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 20.1 million compared to INR 50.5 million a year ago. Revenue was INR 109.6 million compared to INR 68.2 million a year ago. Net income was INR 1,311 million compared to net loss of INR 46.3 million a year ago. Basic earnings per share from continuing operations was INR 39.68 compared to basic loss per share from continuing operations of INR 1.4 a year ago. Diluted earnings per share from continuing operations was INR 39.68 compared to diluted loss per share from continuing operations of INR 1.4 a year ago.
For the nine months, sales was INR 24.2 million compared to INR 128.1 million a year ago. Revenue was INR 181.6 million compared to INR 214.6 million a year ago. Net income was INR 1,678.9 million compared to net loss of INR 125.2 million a year ago. Basic earnings per share from continuing operations was INR 50.82 compared to basic loss per share from continuing operations of INR 3.79 a year ago. Diluted earnings per share from continuing operations was INR 50.82 compared to diluted loss per share from continuing operations of INR 3.79 a year ago.