Elecon Engineering Company 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 4,735.6 million compared to INR 3,888.2 million a year ago. Revenue was INR 4,835.4 million compared to INR 3,923.2 million a year ago. Net income was INR 904 million compared to INR 627.5 million a year ago. Basic earnings per share from continuing operations was INR 8.06 compared to INR 5.59 a year ago. Diluted earnings per share from continuing operations was INR 8.06 compared to INR 5.59 a year ago.
For the nine months, sales was INR 13,728 million compared to INR 11,051.4 million a year ago. Revenue was INR 14,038.2 million compared to INR 11,173.9 million a year ago. Net income was INR 2,519.3 million compared to INR 1,695.5 million a year ago. Basic earnings per share from continuing operations was INR 22.45 compared to INR 15.11 a year ago. Diluted earnings per share from continuing operations was INR 22.45 compared to INR 15.11 a year ago.