Konark Synthetic 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 142.29 million compared to INR 112.39 million a year ago. Revenue was INR 144.58 million compared to INR 115.1 million a year ago. Net income was INR 0.561 million compared to net loss of INR 4.77 million a year ago. Basic earnings per share from continuing operations was INR 0.1 compared to basic loss per share from continuing operations of INR 0.82 a year ago. Diluted earnings per share from continuing operations was INR 0.1 compared to diluted loss per share from continuing operations of INR 0.82 a year ago.
For the nine months, sales was INR 356.29 million compared to INR 413.6 million a year ago. Revenue was INR 363.3 million compared to INR 420.47 million a year ago. Net income was INR 1.96 million compared to net loss of INR 18.29 million a year ago. Basic earnings per share from continuing operations was INR 0.34 compared to basic loss per share from continuing operations of INR 3.15 a year ago. Diluted earnings per share from continuing operations was INR 0.34 compared to diluted loss per share from continuing operations of INR 3.15 a year ago.