Greaves Cotton 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 6,653.8 million compared to INR 5,135.1 million a year ago. Revenue was INR 6,798 million compared to INR 5,313.3 million a year ago. Net income was INR 580.3 million compared to INR 64.3 million a year ago. Basic earnings per share from continuing operations was INR 2.5 compared to INR 0.28 a year ago. Diluted earnings per share from continuing operations was INR 2.48 compared to INR 0.28 a year ago.
For the nine months, sales was INR 19,606.6 million compared to INR 18,725.1 million a year ago. Revenue was INR 20,120.3 million compared to INR 19,158.9 million a year ago. Net loss was INR 1,378.3 million compared to net income of INR 513.8 million a year ago. Basic loss per share from continuing operations was INR 5.94 compared to basic earnings per share from continuing operations of INR 2.22 a year ago. Diluted loss per share from continuing operations was INR 5.94 compared to diluted earnings per share from continuing operations of INR 2.2 a year ago.