Modern Insulators 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 1,069.86 million compared to INR 1,152.32 million a year ago. Revenue was INR 1,104.7 million compared to INR 1,167.44 million a year ago. Net income was INR 99.55 million compared to INR 0.22 million a year ago. Basic earnings per share from continuing operations was INR 2.11. Diluted earnings per share from continuing operations was INR 2.11.
For the nine months, sales was INR 3,081.97 million compared to INR 3,202.83 million a year ago. Revenue was INR 3,189.57 million compared to INR 3,286 million a year ago. Net income was INR 155 million compared to INR 133.34 million a year ago. Basic earnings per share from continuing operations was INR 3.29 compared to INR 2.83 a year ago. Diluted earnings per share from continuing operations was INR 3.29 compared to INR 2.83 a year ago.