Avadh Sugar & Energy 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 6,745.48 million compared to INR 7,465.21 million a year ago. Revenue was INR 6,764.43 million compared to INR 7,470.56 million a year ago. Net income was INR 177.36 million compared to INR 288.64 million a year ago. Basic earnings per share from continuing operations was INR 8.86 compared to INR 14.41 a year ago.
For the nine months, sales was INR 19,518.05 million compared to INR 19,849.64 million a year ago. Revenue was INR 19,591.94 million compared to INR 19,874.42 million a year ago. Net income was INR 211.46 million compared to INR 730.56 million a year ago. Basic earnings per share from continuing operations was INR 10.56 compared to INR 36.49 a year ago.