Ginni Filaments Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 06:00 am EST
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Ginni Filaments 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 2,176.27 million compared to INR 2,931.47 million a year ago. Revenue was INR 2,189.09 million compared to INR 2,939.19 million a year ago. Net loss was INR 102.07 million compared to net income of INR 133.4 million a year ago. Basic loss per share from continuing operations was INR 1.19 compared to basic earnings per share from continuing operations of INR 1.56 a year ago. Diluted loss per share from continuing operations was INR 1.19 compared to diluted earnings per share from continuing operations of INR 1.56 a year ago.
For the nine months, sales was INR 7,279.66 million compared to INR 7,564.28 million a year ago. Revenue was INR 7,312.02 million compared to INR 7,597.46 million a year ago. Net loss was INR 90.7 million compared to net income of INR 377.18 million a year ago. Basic loss per share from continuing operations was INR 1.06 compared to basic earnings per share from continuing operations of INR 4.58 a year ago. Diluted loss per share from continuing operations was INR 1.06 compared to diluted earnings per share from continuing operations of INR 4.58 a year ago.
Ginni Filaments Limited is an India-based company, which is engaged in the business of manufacturing of textile products. Its segments include textile and consumer products. The Company's textile products include cotton yarn, knitted fabric, non-woven spun lace fabric and garments. Its consumer products include wipes and cosmetics. Its cotton yarn products include ring spun yarns, open end yarns and specialty yarns. Its knitted products include single jersey, double jersey fabric and flat knit. It has an annual capacity of around 10 million knitted basic and fashion garments unit based at Noida. The Company's non-woven spun lace fabric product range includes plain, aperture, embossed, colored, printed, impregnated and chemical treated spun lace roll goods. Its consumer products include GINNI Kitchen Swipe Rolls, GINNI Shampoo Towel, GINNI Baby Wipe and GINNI Hanky Dry Wipe. It also provides Ginni NEO filters, which are designed for removal of contaminants from water and other liquids.