Sumit Woods 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 428.51 million compared to INR 217.99 million a year ago. Revenue was INR 433.61 million compared to INR 221.3 million a year ago. Net income was INR 16.43 million compared to INR 22.35 million a year ago. Basic earnings per share from continuing operations was INR 0.54 compared to INR 0.73 a year ago. Diluted earnings per share from continuing operations was INR 0.46 compared to INR 0.72 a year ago.
For the nine months, sales was INR 1,150.61 million compared to INR 556.39 million a year ago. Revenue was INR 1,164.97 million compared to INR 565.43 million a year ago. Net income was INR 38.63 million compared to INR 50.7 million a year ago. Basic earnings per share from continuing operations was INR 1.26 compared to INR 1.66 a year ago. Diluted earnings per share from continuing operations was INR 1.07 compared to INR 1.65 a year ago.