Ambika Cotton Mills 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 1,884.4 million compared to INR 2,521.4 million a year ago. Revenue was INR 1,921 million compared to INR 2,538 million a year ago. Net income was INR 268.2 million compared to INR 518.5 million a year ago. Basic earnings per share from continuing operations was INR 46.85 compared to INR 90.57 a year ago. Diluted earnings per share from continuing operations was INR 46.85 compared to INR 90.57 a year ago.
For the nine months, sales was INR 6,612.8 million compared to INR 6,601.7 million a year ago. Revenue was INR 6,710.7 million compared to INR 6,626.6 million a year ago. Net income was INR 937.7 million compared to INR 1,331.9 million a year ago. Basic earnings per share from continuing operations was INR 163.79 compared to INR 232.65 a year ago. Diluted earnings per share from continuing operations was INR 163.79 compared to INR 232.65 a year ago.