Mangalam Organics 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 1,297 million compared to INR 1,175.7 million a year ago. Revenue was INR 1,303.45 million compared to INR 1,176.46 million a year ago. Net income was INR 4.92 million compared to INR 151.23 million a year ago. Basic earnings per share from continuing operations was INR 0.57 compared to INR 17.66 a year ago.
For the nine months, sales was INR 3,883.58 million compared to INR 3,663.57 million a year ago. Revenue was INR 3,893.15 million compared to INR 3,674.79 million a year ago. Net loss was INR 277.99 million compared to net income of INR 524.27 million a year ago. Basic loss per share from continuing operations was INR 32.46 compared to basic earnings per share from continuing operations of INR 61.21 a year ago.