Globe Textiles (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 928.3 million compared to INR 748.08 million a year ago. Revenue was INR 929.69 million compared to INR 747.17 million a year ago. Net income was INR 16.38 million compared to INR 4.76 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.11 compared to INR 0.03 a year ago.
For the nine months, sales was INR 3,276.16 million compared to INR 2,893.81 million a year ago. Revenue was INR 3,280.71 million compared to INR 2,904.39 million a year ago. Net income was INR 44.47 million compared to INR 37.41 million a year ago. Basic earnings per share from continuing operations was INR 0.29 compared to INR 0.25 a year ago. Diluted earnings per share from continuing operations was INR 0.29 compared to INR 0.25 a year ago.