Avantel 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 593.25 million compared to INR 387.05 million a year ago. Revenue was INR 596.84 million compared to INR 389.9 million a year ago. Net income was INR 163.21 million compared to INR 66.87 million a year ago. Basic earnings per share from continuing operations was INR 0.67 compared to INR 0.27 a year ago. Diluted earnings per share from continuing operations was INR 0.67 compared to INR 0.27 a year ago.
For the nine months, sales was INR 1,826.06 million compared to INR 1,019.2 million a year ago. Revenue was INR 1,835.67 million compared to INR 1,023.1 million a year ago. Net income was INR 404.02 million compared to INR 172.11 million a year ago. Basic earnings per share from continuing operations was INR 1.66 compared to INR 0.71 a year ago. Diluted earnings per share from continuing operations was INR 1.65 compared to INR 0.71 a year ago.