Lakhotia Polyesters (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 159.14 million compared to INR 30.59 million a year ago. Revenue was INR 162.16 million compared to INR 30.43 million a year ago. Net income was INR 3.06 million compared to net loss of INR 8.04 million a year ago. Basic earnings per share from continuing operations was INR 0.29 compared to basic loss per share from continuing operations of INR 0.42 a year ago. Diluted earnings per share from continuing operations was INR 0.29 compared to diluted loss per share from continuing operations of INR 0.42 a year ago.
For the nine months, sales was INR 228.18 million compared to INR 51.19 million a year ago. Revenue was INR 233.56 million compared to INR 57.31 million a year ago. Net income was INR 2.82 million compared to net loss of INR 4.28 million a year ago. Basic earnings per share from continuing operations was INR 0.32 compared to basic loss per share from continuing operations of INR 2.73 a year ago. Diluted earnings per share from continuing operations was INR 0.32 compared to diluted loss per share from continuing operations of INR 2.73 a year ago.