Garware Technical Fibres 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 2,745.8 million compared to INR 3,081.31 million a year ago. Revenue was INR 2,824.16 million compared to INR 3,129.45 million a year ago. Net income was INR 365.73 million compared to INR 380.62 million a year ago. Basic earnings per share from continuing operations was INR 17.74 compared to INR 18.46 a year ago. Diluted earnings per share from continuing operations was INR 17.74 compared to INR 18.46 a year ago.
For the nine months, sales was INR 9,350.63 million compared to INR 8,330.88 million a year ago. Revenue was INR 9,551.23 million compared to INR 8,538.11 million a year ago. Net income was INR 1,125.33 million compared to INR 1,108.89 million a year ago. Basic earnings per share from continuing operations was INR 54.58 compared to INR 53.78 a year ago. Diluted earnings per share from continuing operations was INR 54.58 compared to INR 53.78 a year ago.