Mohit Paper Mills 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 486.42 million compared to INR 538.92 million a year ago. Revenue was INR 504.37 million compared to INR 551.44 million a year ago. Net income was INR 22.56 million compared to INR 11.71 million a year ago. Basic earnings per share from continuing operations was INR 1.61 compared to INR 0.84 a year ago. Diluted earnings per share from continuing operations was INR 1.61 compared to INR 0.84 a year ago.
For the nine months, sales was INR 1,400.88 million compared to INR 1,647.94 million a year ago. Revenue was INR 1,444.76 million compared to INR 1,674.26 million a year ago. Net income was INR 57.61 million compared to INR 30.69 million a year ago. Basic earnings per share from continuing operations was INR 4.11 compared to INR 2.19 a year ago. Diluted earnings per share from continuing operations was INR 4.11 compared to INR 2.19 a year ago.