Lactose (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 325.99 million compared to INR 170.15 million a year ago. Revenue was INR 328.8 million compared to INR 171.74 million a year ago. Net income was INR 26.28 million compared to INR 1.45 million a year ago. Basic earnings per share from continuing operations was INR 2.09 compared to INR 0.11 a year ago. Diluted earnings per share from continuing operations was INR 2.09 compared to INR 0.11 a year ago.
For the nine months, sales was INR 844.91 million compared to INR 398.07 million a year ago. Revenue was INR 853.1 million compared to INR 403.9 million a year ago. Net income was INR 43.91 million compared to INR 3.19 million a year ago. Basic earnings per share from continuing operations was INR 3.49 compared to INR 0.25 a year ago. Diluted earnings per share from continuing operations was INR 3.49 compared to INR 0.25 a year ago.