Rajapalayam Mills Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 2,056.5 million compared to INR 2,245 million a year ago. Net income was INR 25.3 million compared to INR 78.6 million a year ago. Basic earnings per share from continuing operations was INR 3 compared to INR 9 a year ago. Diluted earnings per share from continuing operations was INR 3 compared to INR 9 a year ago.
For the nine months, revenue was INR 6,421.2 million compared to INR 6,480.9 million a year ago. Net income was INR 360.7 million compared to INR 531.5 million a year ago. Basic earnings per share from continuing operations was INR 39 compared to INR 62 a year ago. Diluted earnings per share from continuing operations was INR 39 compared to INR 62 a year ago.