Lactose (India) 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 170.15 million compared to INR 121.6 million a year ago. Revenue was INR 171.74 million compared to INR 122.64 million a year ago. Net income was INR 1.45 million compared to INR 2.14 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to INR 0.19 a year ago. Diluted earnings per share from continuing operations was INR 0.11 compared to INR 0.19 a year ago.
For the nine months, sales was INR 398.07 million compared to INR 315.89 million a year ago. Revenue was INR 403.9 million compared to INR 318.72 million a year ago. Net income was INR 3.19 million compared to net loss of INR 1.19 million a year ago. Basic earnings per share from continuing operations was INR 0.25 compared to basic loss per share from continuing operations of INR 0.1 a year ago. Diluted earnings per share from continuing operations was INR 0.25 compared to diluted loss per share from continuing operations of INR 0.1 a year ago.