Hindustan Adhesives 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 703.4 million compared to INR 759.9 million a year ago. Revenue was INR 711.6 million compared to INR 763.7 million a year ago. Net income was INR 45.5 million compared to net loss of INR 10.8 million a year ago. Basic earnings per share from continuing operations was INR 8.89 compared to basic loss per share from continuing operations of INR 2.11 a year ago. Diluted earnings per share from continuing operations was INR 8.89 compared to diluted loss per share from continuing operations of INR 2.11 a year ago.
For the nine months, sales was INR 2,325.5 million compared to INR 2,673.4 million a year ago. Revenue was INR 2,352.2 million compared to INR 2,701.5 million a year ago. Net income was INR 126.5 million compared to INR 38.4 million a year ago. Basic earnings per share from continuing operations was INR 24.71 compared to INR 7.5 a year ago. Diluted earnings per share from continuing operations was INR 24.71 compared to INR 7.5 a year ago.