India Nippon Electricals 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 1,788.6 million compared to INR 1,561.9 million a year ago. Revenue was INR 1,847.9 million compared to INR 1,625.4 million a year ago. Net income was INR 120.8 million compared to INR 135.6 million a year ago. Basic earnings per share from continuing operations was INR 5.34 compared to INR 6 a year ago. Diluted earnings per share from continuing operations was INR 5.34 compared to INR 6 a year ago.
For the nine months, sales was INR 5,284 million compared to INR 4,982.8 million a year ago. Revenue was INR 5,449.6 million compared to INR 5,130.4 million a year ago. Net income was INR 388.8 million compared to INR 340.2 million a year ago. Basic earnings per share from continuing operations was INR 17.19 compared to INR 15.04 a year ago. Diluted earnings per share from continuing operations was INR 17.19 compared to INR 15.04 a year ago.