India Nippon Electricals 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 1,561.9 million compared to INR 1,480.4 million a year ago. Revenue was INR 1,625.4 million compared to INR 1,504 million a year ago. Net income was INR 135.6 million compared to INR 96.3 million a year ago. Basic earnings per share from continuing operations was INR 6 compared to INR 4.26 a year ago. Diluted earnings per share from continuing operations was INR 6 compared to INR 4.26 a year ago.
For the nine months, sales was INR 4,982.8 million compared to INR 4,170.4 million a year ago. Revenue was INR 5,130.4 million compared to INR 4,274.6 million a year ago. Net income was INR 340.1 million compared to INR 310.5 million a year ago. Basic earnings per share from continuing operations was INR 15.04 compared to INR 13.72 a year ago. Diluted earnings per share from continuing operations was INR 15.04 compared to INR 13.72 a year ago.