International Combustion (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 471.23 million compared to INR 346.75 million a year ago. Revenue was INR 474.48 million compared to INR 350.04 million a year ago. Net income was INR 24.86 million compared to INR 2.74 million a year ago. Basic earnings per share from continuing operations was INR 10.4 compared to INR 1.14 a year ago. Diluted earnings per share from continuing operations was INR 10.4 compared to INR 1.14 a year ago.
For the nine months, sales was INR 1,167.18 million compared to INR 705.18 million a year ago. Revenue was INR 1,175.21 million compared to INR 716.63 million a year ago. Net income was INR 28.34 million compared to net loss of INR 66.08 million a year ago. Basic earnings per share from continuing operations was INR 11.86 compared to basic loss per share from continuing operations of INR 27.64 a year ago. Diluted earnings per share from continuing operations was INR 11.86 compared to diluted loss per share from continuing operations of INR 27.64 a year ago.