Jay Shree Tea & Industries 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 2,062.3 million compared to INR 2,672.6 million a year ago. Revenue was INR 2,361.7 million compared to INR 2,713.3 million a year ago. Net income was INR 1.9 million compared to net loss of INR 82 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to basic loss per share from continuing operations of INR 3.11 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to diluted loss per share from continuing operations of INR 3.11 a year ago. Basic earnings per share was INR 0.07 compared to basic loss per share of INR 3.62 a year ago. Diluted earnings per share was INR 0.07 compared to diluted loss per share of INR 3.62 a year ago.
For the nine months, sales was INR 6,220.9 million compared to INR 6,657.9 million a year ago. Revenue was INR 6,918 million compared to INR 6,771.7 million a year ago. Net income was INR 280.2 million compared to net loss of INR 361.9 million a year ago. Basic earnings per share from continuing operations was INR 9.7 compared to basic loss per share from continuing operations of INR 15.03 a year ago. Diluted earnings per share from continuing operations was INR 9.7 compared to diluted loss per share from continuing operations of INR 15.03 a year ago. Basic earnings per share was INR 9.7 compared to basic loss per share of INR 15.97 a year ago. Diluted earnings per share was INR 9.7 compared to diluted loss per share of INR 15.97 a year ago.