Emami Paper Mills 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 4,935 million compared to INR 5,649.1 million a year ago. Revenue was INR 4,943.4 million compared to INR 5,655.1 million a year ago. Net income was INR 393.7 million compared to INR 14.1 million a year ago. Basic earnings per share from continuing operations was INR 6.3 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 4.96 compared to INR 0.18 a year ago.
For the nine months, sales was INR 14,487.3 million compared to INR 17,754.1 million a year ago. Revenue was INR 14,502.4 million compared to INR 17,768.8 million a year ago. Net income was INR 571 million compared to INR 804.5 million a year ago. Basic earnings per share from continuing operations was INR 8.83 compared to INR 12.69 a year ago. Diluted earnings per share from continuing operations was INR 7.19 compared to INR 10.13 a year ago.