Rishabh Instruments Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 08:11 am EST
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Rishabh Instruments 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 1,593.05 million compared to INR 1,339.1 million a year ago. Revenue was INR 1,630.94 million compared to INR 1,378.67 million a year ago. Net income was INR 76.11 million compared to INR 164.42 million a year ago. Basic earnings per share from continuing operations was INR 2 compared to INR 4.51 a year ago. Diluted earnings per share from continuing operations was INR 1.98 compared to INR 4.5 a year ago.
For the nine months, sales was INR 5,118.37 million compared to INR 3,950.53 million a year ago. Revenue was INR 5,212.84 million compared to INR 4,027.56 million a year ago. Net income was INR 372.58 million compared to INR 319.24 million a year ago. Basic earnings per share from continuing operations was INR 10.08 compared to INR 8.76 a year ago. Diluted earnings per share from continuing operations was INR 9.97 compared to INR 8.74 a year ago.
Rishabh Instruments Limited is an India-based company, which is engaged in manufacturing, design and development of test and measuring instruments and industrial control products. Its products include protector relays, multifunction meters, paperless recorders, digital multimeter, energy management system, current transformers, battery charger, temperature controller, shunts, insulation testers, genset controllers, CAM switches, digital panel meter and others. It provides EMI-EMC Testing, Type testing, Environmental testing, Life Cycle testing, Electro-technical Calibration, Mechanical Testing and other services, all under one roof at its lab, providing professional and timely service to product developers. It also offers a range of Rish Rotary CAM switches that cover applications with different contact designs, contact material and terminals allowing their use as control switches, instrumentation switches, motor control switches and electronic circuitry.