Arihant Foundations & Housing 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 104 million compared to INR 259 million a year ago. Revenue was INR 147.9 million compared to INR 267.7 million a year ago. Net income was INR 9.3 million compared to net loss of INR 10.4 million a year ago. Basic earnings per share from continuing operations was INR 1.08. Diluted earnings per share from continuing operations was INR 1.08.
For the nine months, sales was INR 506.6 million compared to INR 554.7 million a year ago. Revenue was INR 629.2 million compared to INR 629.3 million a year ago. Net income was INR 79.5 million compared to net loss of INR 51.4 million a year ago. Basic earnings per share from continuing operations was INR 9.25. Diluted earnings per share from continuing operations was INR 9.25.