The Ruby Mills Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 13, 2023 at 08:22 am
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The Ruby Mills 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 592.01 million compared to INR 586.56 million a year ago. Revenue was INR 611.07 million compared to INR 587.1 million a year ago. Net income was INR 68.05 million compared to INR 65.74 million a year ago. Basic earnings per share from continuing operations was INR 2.03 compared to INR 1.97 a year ago.
For the nine months, sales was INR 1,824.1 million compared to INR 1,308.42 million a year ago. Revenue was INR 1,858.38 million compared to INR 1,312.12 million a year ago. Net income was INR 241.63 million compared to INR 112.48 million a year ago. Basic earnings per share from continuing operations was INR 7.23 compared to INR 3.36 a year ago.
The Ruby Mills limited is an India-based company, which is engaged in the composite textile mill business. The Company is engaged in the manufacturing of cotton/blended yarn and fabric. Its segment includes textiles, and real estate and related. Its businesses include fabric, interlining, apparel and real estate. The Company's fabric products include cotton, polyester, viscose, modal, lyocell, linen, Bemberg, ramie, rayon, Lycra and their blends. Its brands include Ruby Fabrics, Lukas, Hitline and Label R. The Company's interlining products include basic interlining, high density polyethylene (HDPE) interlining and low-density polyethylene interlining (LDPE). Its apparel business designs and manufactures ready to wear clothing in various sectors, such as healthcare, fashion apparels, corporate, educational institutions, workwear and defense. The Ruby, its Leadership in Energy and Environmental Design (LEED) platinum commercial tower, is located in Mumbai, Maharashtra.