Davangere Sugar Company 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 930.67 million compared to INR 489.9 million a year ago. Revenue was INR 949.55 million compared to INR 490.65 million a year ago. Net income was INR 22.99 million compared to INR 63.5 million a year ago. Basic earnings per share from continuing operations was INR 0.24 compared to INR 1.14 a year ago. Diluted earnings per share from continuing operations was INR 0.24 compared to INR 1.14 a year ago.
For the nine months, sales was INR 1,916.53 million compared to INR 768.38 million a year ago. Revenue was INR 1,937.77 million compared to INR 769.29 million a year ago. Net income was INR 46.43 million compared to INR 21.71 million a year ago. Basic earnings per share from continuing operations was INR 0.83 compared to INR 0.39 a year ago. Diluted earnings per share from continuing operations was INR 0.83 compared to INR 0.39 a year ago.