Sumit Woods Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 217.99 million compared to INR 125.63 million a year ago. Revenue was INR 221.3 million compared to INR 127.64 million a year ago. Net income was INR 22.35 million compared to net loss of INR 7.09 million a year ago. Basic earnings per share from continuing operations was INR 0.73 compared to basic loss per share from continuing operations of INR 0.23 a year ago. Diluted earnings per share from continuing operations was INR 0.72 compared to diluted loss per share from continuing operations of INR 0.23 a year ago.
For the nine months, sales was INR 556.39 million compared to INR 345.91 million a year ago. Revenue was INR 565.43 million compared to INR 352.06 million a year ago. Net income was INR 50.7 million compared to net loss of INR 15.59 million a year ago. Basic earnings per share from continuing operations was INR 1.66 compared to basic loss per share from continuing operations of INR 0.51 a year ago. Diluted earnings per share from continuing operations was INR 1.65 compared to diluted loss per share from continuing operations of INR 0.51 a year ago.