Rainbow Foundations 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 228.42 million compared to INR 99.27 million a year ago. Revenue was INR 235.01 million compared to INR 111.68 million a year ago. Net income was INR 0.911 million compared to INR 4.78 million a year ago. Basic earnings per share from continuing operations was INR 0.02 compared to INR 0.11 a year ago. Diluted earnings per share from continuing operations was INR 0.02 compared to INR 0.11 a year ago.
For the nine months, sales was INR 605.44 million compared to INR 246.93 million a year ago. Revenue was INR 639.61 million compared to INR 284.56 million a year ago. Net income was INR 7.87 million compared to INR 12.69 million a year ago. Basic earnings per share from continuing operations was INR 0.16 compared to INR 0.28 a year ago. Diluted earnings per share from continuing operations was INR 0.16 compared to INR 0.28 a year ago.