Vardhman Acrylics 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 618.9 million compared to INR 1,081.8 million a year ago. Revenue was INR 648.5 million compared to INR 1,118.5 million a year ago. Net income was INR 56 million compared to INR 103.4 million a year ago. Basic earnings per share from continuing operations was INR 0.72 compared to INR 1.29 a year ago. Diluted earnings per share from continuing operations was INR 0.72 compared to INR 1.29 a year ago.
For the nine months, sales was INR 2,291 million compared to INR 3,460.6 million a year ago. Revenue was INR 2,395.5 million compared to INR 3,555.4 million a year ago. Net income was INR 122.4 million compared to INR 289.4 million a year ago. Basic earnings per share from continuing operations was INR 1.54 compared to INR 3.6 a year ago. Diluted earnings per share from continuing operations was INR 1.54 compared to INR 3.6 a year ago.