D P Wires Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 01, 2023 at 05:27 am EST
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D P Wires 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 3,442.9 million compared to INR 1,603.44 million a year ago. Revenue was INR 3,460.58 million compared to INR 1,609.52 million a year ago. Net income was INR 93.08 million compared to INR 84.31 million a year ago. Basic earnings per share from continuing operations was INR 6.0025 compared to INR 5.4338 a year ago. Diluted earnings per share from continuing operations was INR 6.0025 compared to INR 5.4338 a year ago.
For the nine months, sales was INR 8,286.72 million compared to INR 4,349.06 million a year ago. Revenue was INR 8,321.04 million compared to INR 4,363.77 million a year ago. Net income was INR 259.5 million compared to INR 220.65 million a year ago. Basic earnings per share from continuing operations was INR 16.7388 compared to INR 14.2275 a year ago. Diluted earnings per share from continuing operations was INR 16.7388 compared to INR 14.2275 a year ago.
D P Wires Limited is an India-based company, which is engaged in manufacturing and supplying of steel wires, plastic pipes, and plastic films. The Company's products include low relaxation prestressed concrete (LRPC) Strands, induction tempered wire, steel wire and geomembrane sheet. The Company's products are used in oil & gas, power, environment, civil, energy, automobile, infrastructure, and others. Its products also include polyethylene (PE) film, plastic films, pond-lining film, high-density polyethylene (HDPE) film, cap covers, wires and others. Its products are sold in various countries, such as Nepal, Oman, Doha, Muscat, Sri Lanka, and others. The Company is also engaged in power generation through its two wind farms of 0.80 megawatt (MW) each in village Okha-Madhi and Jodhpur in Jamnagar district.