Ambalal Sarabhai Enterprises 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 353.61 million compared to INR 430.97 million a year ago. Revenue was INR 384.26 million compared to INR 437.43 million a year ago. Net income was INR 30.06 million compared to INR 34.99 million a year ago. Basic earnings per share from continuing operations was INR 0.4 compared to INR 0.46 a year ago.
For the nine months, sales was INR 1,258.45 million compared to INR 1,423.17 million a year ago. Revenue was INR 1,339.73 million compared to INR 1,757.94 million a year ago. Net income was INR 56.08 million compared to INR 396.3 million a year ago. Basic earnings per share from continuing operations was INR 0.74 compared to INR 5.17 a year ago.