Shree Ajit Pulp and Paper 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 430.7 million compared to INR 866.21 million a year ago. Revenue was INR 430.27 million compared to INR 867.87 million a year ago. Net income was INR 15.92 million compared to INR 154.14 million a year ago. Basic earnings per share from continuing operations was INR 2.97 compared to INR 28.78 a year ago. Diluted earnings per share from continuing operations was INR 2.97 compared to INR 28.78 a year ago.
For the nine months, sales was INR 1,870.43 million compared to INR 2,961.28 million a year ago. Revenue was INR 1,880.67 million compared to INR 2,965.81 million a year ago. Net income was INR 54.02 million compared to INR 202.84 million a year ago. Basic earnings per share from continuing operations was INR 10.08 compared to INR 37.87 a year ago. Diluted earnings per share from continuing operations was INR 10.08 compared to INR 37.87 a year ago.