K.C.P. Sugar and Industries Corporation 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 744.27 million compared to INR 1,142.95 million a year ago. Revenue was INR 1,253.6 million compared to INR 1,170.11 million a year ago. Net income was INR 381.06 million compared to net loss of INR 85.19 million a year ago. Basic earnings per share from continuing operations was INR 2.93 compared to basic loss per share from continuing operations of INR 0.77 a year ago. Basic earnings per share was INR 3.38 compared to basic loss per share of INR 0.8 a year ago.
For the nine months, sales was INR 2,301.99 million compared to INR 2,539.67 million a year ago. Revenue was INR 3,042.59 million compared to INR 2,756.76 million a year ago. Net income was INR 656.23 million compared to INR 86.86 million a year ago. Basic earnings per share from continuing operations was INR 4.8 compared to INR 0.74 a year ago. Basic earnings per share was INR 5.85 compared to INR 0.79 a year ago.