La Opala RG Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 07:29 am EST
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La Opala RG 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 1,071.41 million compared to INR 1,263.72 million a year ago. Revenue was INR 1,187.28 million compared to INR 1,347.26 million a year ago. Net income was INR 441.56 million compared to INR 346.4 million a year ago. Basic earnings per share from continuing operations was INR 3.98 compared to INR 3.12 a year ago. Diluted earnings per share from continuing operations was INR 3.98 compared to INR 3.12 a year ago.
For the nine months, sales was INR 2,826.05 million compared to INR 3,434.41 million a year ago. Revenue was INR 3,153.37 million compared to INR 3,582.85 million a year ago. Net income was INR 1,040.62 million compared to INR 937.85 million a year ago. Basic earnings per share from continuing operations was INR 9.37 compared to INR 8.45 a year ago. Diluted earnings per share from continuing operations was INR 9.37 compared to INR 8.45 a year ago.
La Opala RG Limited is an India-based tableware company. The Company is a manufacturer and marketer of lifestyle product in the glassware segment. The Company is engaged in the manufacture and marketing of opal glass tableware and lead crystalware products. The Company's products portfolio includes opal glassware, which includes plates, bowls, dinner sets, cup-saucer sets, coffee mugs, coffee cups, tea sets, soup sets, pudding and dessert sets, and crystal ware products comprise barware, vases, bowls and stemware. The Company's brands include La Opala, Diva, Cook Serve Store and Solitaire Crystal. La Opala is the flagship brand of the Company and provides dinner sets, plates, bowls, coffee mugs and other products. Diva offers a range of products under five collections: Classique, Ivory, Cosmo, Quadra, Sovrana, Velvett and Tea-Coffee. Its Solitaire Crystal brand offers handcrafted 24% lead crystal tumblers, beer mugs and vases.