Indo Count Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 05:44 am EST
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Indo Count Industries 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 6,572.9 million compared to INR 7,563.7 million a year ago. Revenue was INR 6,620.5 million compared to INR 7,865.8 million a year ago. Net income was INR 377.1 million compared to INR 711.9 million a year ago. Basic earnings per share from continuing operations was INR 1.9 compared to INR 3.59 a year ago. Diluted earnings per share from continuing operations was INR 1.9 compared to INR 3.59 a year ago.
For the nine months, sales was INR 22,044.7 million compared to INR 21,881.9 million a year ago. Revenue was INR 22,331 million compared to INR 22,918.9 million a year ago. Net income was INR 1,820.6 million compared to INR 2,733 million a year ago. Basic earnings per share from continuing operations was INR 9.19 compared to INR 13.8 a year ago. Diluted earnings per share from continuing operations was INR 9.19 compared to INR 13.8 a year ago.
Indo Count Industries Limited is an India-based home textile bed linen company. The Company is engaged in the manufacturing and exporting of bedsheets, bed linen, and quilts. Its products include bedsheets, fashion bedding, utility bedding, institutional bedding and bedding. The Company maintains an omnichannel presence for its branded portfolio (owned and licensed). Its brands include Wamsutta, Pure Earth, Boutique Living, Heirlooms of India, The Pure Collection, Atlas, Linen Closet and Simply Put. Its Pure Earth bedding uses only plant-based dyes made from fully traceable agricultural resources. Under the Boutique Living range, it offers bedsheet sets, comforters, bedding combos, towels, dohars and many more. Wamsutta is a home fashion brand which offers luxurious beds, bath and other home fashion products. Heirlooms of India brand includes a collection which is based on Indian hand block print motifs. It has manufacturing plants in Kolhapur, Maharashtra and Bhilad, Gujarat.
INDO COUNT INDUSTRIES LIMITED 
