Nitin Spinners 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 7,504.25 million compared to INR 5,371.98 million a year ago. Revenue was INR 7,507.21 million compared to INR 5,374.88 million a year ago. Net income was INR 317.47 million compared to INR 315.82 million a year ago. Basic earnings per share from continuing operations was INR 5.65 compared to INR 5.62 a year ago. Diluted earnings per share from continuing operations was INR 5.65 compared to INR 5.62 a year ago.
For the nine months, sales was INR 21,049.36 million compared to INR 17,519.12 million a year ago. Revenue was INR 21,065.67 million compared to INR 17,538.57 million a year ago. Net income was INR 923.45 million compared to INR 1,262.75 million a year ago. Basic earnings per share from continuing operations was INR 16.43 compared to INR 22.46 a year ago. Diluted earnings per share from continuing operations was INR 16.43 compared to INR 22.46 a year ago.