AksharChem (India) 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 752.85 million compared to INR 649.07 million a year ago. Revenue was INR 755.65 million compared to INR 649.26 million a year ago. Net income was INR 3.26 million compared to net loss of INR 14.2 million a year ago. Basic earnings per share from continuing operations was INR 0.41 compared to basic loss per share from continuing operations of INR 1.77 a year ago. Diluted earnings per share from continuing operations was INR 0.41 compared to diluted loss per share from continuing operations of INR 1.77 a year ago.
For the nine months, sales was INR 2,202.6 million compared to INR 2,699.4 million a year ago. Revenue was INR 2,206.05 million compared to INR 2,700.18 million a year ago. Net loss was INR 126.56 million compared to net income of INR 10.23 million a year ago. Basic loss per share from continuing operations was INR 15.76 compared to basic earnings per share from continuing operations of INR 1.27 a year ago. Diluted loss per share from continuing operations was INR 15.76 compared to diluted earnings per share from continuing operations of INR 1.27 a year ago.