Finolex Industries Limited (NSE: FINPIPE) has announced earnings for the third quarter and nine months ended December 31, 2022. In Q3, the company reported sales of ₹1,124.76 crore, up from ₹1,004.73 crore the previous year. Net income was ₹79.54 crore, down from ₹177.43 crore the previous year. Diluted earnings per share from continuing operations were INR 1.28, down from INR 2.86 the previous year.
Sales for the first nine months were ₹3,255.99 crore, down from 3,052.76 crore the previous year. Net income was ₹83.38 crore, down from ₹556.22 crore the previous year. In comparison, diluted earnings per share from continuing operations were ₹1.34, down from ₹8.96 the previous year.