Foods and Inns 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 1,498.56 million compared to INR 2,009.84 million a year ago. Revenue was INR 1,515.33 million compared to INR 2,013.05 million a year ago. Net income was INR 37.49 million compared to INR 112.54 million a year ago. Basic earnings per share from continuing operations was INR 0.7 compared to INR 2.24 a year ago. Diluted earnings per share from continuing operations was INR 0.6 compared to INR 2 a year ago.
For the nine months, sales was INR 6,750.59 million compared to INR 6,666.67 million a year ago. Revenue was INR 6,789.62 million compared to INR 6,678.45 million a year ago. Net income was INR 314.95 million compared to INR 320.6 million a year ago. Basic earnings per share from continuing operations was INR 5.94 compared to INR 6.37 a year ago. Diluted earnings per share from continuing operations was INR 5.11 compared to INR 5.7 a year ago.