Southern Magnesium and Chemicals 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 28.8 million compared to INR 27.91 million a year ago. Revenue was INR 29.72 million compared to INR 28.04 million a year ago. Net income was INR 11.84 million compared to INR 11.82 million a year ago. Basic earnings per share from continuing operations was INR 3.95 compared to INR 3.94 a year ago. Diluted earnings per share from continuing operations was INR 3.95 compared to INR 3.94 a year ago.
For the nine months, sales was INR 68.2 million compared to INR 67.72 million a year ago. Revenue was INR 70.61 million compared to INR 68.07 million a year ago. Net income was INR 25.67 million compared to INR 28.05 million a year ago. Basic earnings per share from continuing operations was INR 8.56 compared to INR 9.34 a year ago. Diluted earnings per share from continuing operations was INR 8.56 compared to INR 9.34 a year ago.