Kanani Industries 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 220.04 million compared to INR 476.5 million a year ago. Revenue was INR 221.89 million compared to INR 477.99 million a year ago. Net loss was INR 0.774 million compared to net income of INR 4.09 million a year ago. Basic loss per share from continuing operations was INR 0.01 compared to basic earnings per share from continuing operations of INR 0.04 a year ago. Diluted loss per share from continuing operations was INR 0.01 compared to diluted earnings per share from continuing operations of INR 0.04 a year ago. Basic loss per share was INR 0.01 compared to basic earnings per share of INR 0.04 a year ago. Diluted loss per share was INR 0.01 compared to diluted earnings per share of INR 0.04 a year ago.
For the nine months, sales was INR 1,695.28 million compared to INR 2,086.36 million a year ago. Revenue was INR 1,700 million compared to INR 2,086.44 million a year ago. Net income was INR 5.87 million compared to INR 21.85 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to INR 0.22 a year ago. Diluted earnings per share from continuing operations was INR 0.06 compared to INR 0.22 a year ago. Basic earnings per share was INR 0.06 compared to INR 0.22 a year ago. Diluted earnings per share was INR 0.06 compared to INR 0.22 a year ago.