Gujarat Raffia Industries 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 82.63 million compared to INR 56.45 million a year ago. Revenue was INR 86.39 million compared to INR 57.01 million a year ago. Net income was INR 1.96 million compared to INR 2.34 million a year ago. Basic earnings per share from continuing operations was INR 0.36 compared to INR 0.43 a year ago. Diluted earnings per share from continuing operations was INR 0.36 compared to INR 0.43 a year ago.
For the nine months, sales was INR 284.07 million compared to INR 251.33 million a year ago. Revenue was INR 297.2 million compared to INR 254.96 million a year ago. Net income was INR 8.11 million compared to INR 9.41 million a year ago. Basic earnings per share from continuing operations was INR 1.5 compared to INR 1.74 a year ago. Diluted earnings per share from continuing operations was INR 1.5 compared to INR 1.74 a year ago.