Gujarat Apollo Industries 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 136.79 million compared to INR 104.84 million a year ago. Revenue was INR 197.13 million compared to INR 157.23 million a year ago. Net income was INR 45.06 million compared to INR 26.25 million a year ago. Basic earnings per share from continuing operations was INR 3.75 compared to INR 2.1 a year ago. Diluted earnings per share from continuing operations was INR 3.75 compared to INR 2.1 a year ago.
For the nine months, sales was INR 440.68 million compared to INR 535.98 million a year ago. Revenue was INR 630.73 million compared to INR 729.41 million a year ago. Net income was INR 123.91 million compared to INR 75.82 million a year ago. Basic earnings per share from continuing operations was INR 10.91 compared to INR 10.24 a year ago. Diluted earnings per share from continuing operations was INR 10.91 compared to INR 10.24 a year ago.