Indo Borax & Chemicals 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 440.62 million compared to INR 553.63 million a year ago. Revenue was INR 468.02 million compared to INR 573.9 million a year ago. Net income was INR 82.3 million compared to INR 136.97 million a year ago. Basic earnings per share from continuing operations was INR 2.56 compared to INR 4.27 a year ago. Diluted earnings per share from continuing operations was INR 2.56 compared to INR 4.27 a year ago.
For the nine months, sales was INR 1,458.39 million compared to INR 1,691.36 million a year ago. Revenue was INR 1,542.49 million compared to INR 1,739.21 million a year ago. Net income was INR 275.35 million compared to INR 380.45 million a year ago. Basic earnings per share from continuing operations was INR 8.58 compared to INR 11.86 a year ago. Diluted earnings per share from continuing operations was INR 8.58 compared to INR 11.86 a year ago.