Salona Cotspin 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 921.76 million compared to INR 1,706.03 million a year ago. Revenue was INR 922.35 million compared to INR 1,706.03 million a year ago. Net income was INR 26.2 million compared to INR 66.77 million a year ago. Basic earnings per share from continuing operations was INR 4.98 compared to INR 12.69 a year ago. Diluted earnings per share from continuing operations was INR 4.98 compared to INR 12.69 a year ago.
For the nine months, sales was INR 3,399.24 million compared to INR 4,764.25 million a year ago. Revenue was INR 3,401.36 million compared to INR 4,765.05 million a year ago. Net income was INR 144.28 million compared to INR 184.86 million a year ago. Basic earnings per share from continuing operations was INR 27.42 compared to INR 35.13 a year ago. Diluted earnings per share from continuing operations was INR 27.42 compared to INR 35.13 a year ago.