Everest Kanto Cylinder 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 3,294.6 million compared to INR 2,563.8 million a year ago. Revenue was INR 3,325.5 million compared to INR 2,577.2 million a year ago. Net income was INR 366.6 million compared to net loss of INR 174.5 million a year ago. Basic earnings per share from continuing operations was INR 3.26 compared to basic loss per share from continuing operations of INR 1.57 a year ago. Diluted earnings per share from continuing operations was INR 3.26 compared to diluted loss per share from continuing operations of INR 1.57 a year ago.
For the nine months, sales was INR 8,971.2 million compared to INR 9,766 million a year ago. Revenue was INR 9,032.1 million compared to INR 9,798.2 million a year ago. Net income was INR 847.4 million compared to INR 397.5 million a year ago. Basic earnings per share from continuing operations was INR 7.55 compared to INR 3.53 a year ago. Diluted earnings per share from continuing operations was INR 7.55 compared to INR 3.53 a year ago.