Nitin Spinners 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 5,371.98 million compared to INR 7,049.41 million a year ago. Revenue was INR 5,374.88 million compared to INR 7,053.84 million a year ago. Net income was INR 315.82 million compared to INR 932.61 million a year ago. Basic earnings per share from continuing operations was INR 5.62 compared to INR 16.59 a year ago. Diluted earnings per share from continuing operations was INR 5.62 compared to INR 16.59 a year ago.
For the nine months, sales was INR 17,519.12 million compared to INR 19,232.49 million a year ago. Revenue was INR 17,538.57 million compared to INR 19,245.73 million a year ago. Net income was INR 1,262.75 million compared to INR 2,406.67 million a year ago. Basic earnings per share from continuing operations was INR 22.46 compared to INR 42.81 a year ago. Diluted earnings per share from continuing operations was INR 22.46 compared to INR 42.81 a year ago.