Ambalal Sarabhai Enterprises 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 431.12 million compared to INR 353.61 million a year ago. Revenue was INR 444.74 million compared to INR 384.26 million a year ago. Net income was INR 11.8 million compared to INR 30.06 million a year ago. Basic earnings per share from continuing operations was INR 0.15 compared to INR 0.4 a year ago. Diluted earnings per share from continuing operations was INR 0.15 compared to INR 0.4 a year ago.
For the nine months, sales was INR 1,192.25 million compared to INR 1,258.45 million a year ago. Revenue was INR 1,248.1 million compared to INR 1,339.73 million a year ago. Net loss was INR 26.07 million compared to net income of INR 56.08 million a year ago. Basic loss per share from continuing operations was INR 0.34 compared to basic earnings per share from continuing operations of INR 0.74 a year ago. Diluted loss per share from continuing operations was INR 0.34 compared to diluted earnings per share from continuing operations of INR 0.74 a year ago.