Kirloskar Electric Company 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 1,157.5 million compared to INR 821 million a year ago. Revenue was INR 1,186.6 million compared to INR 826 million a year ago. Net income was INR 33.8 million compared to net loss of INR 108.7 million a year ago. Basic earnings per share from continuing operations was INR 0.51 compared to basic loss per share from continuing operations of INR 1.64 a year ago. Diluted earnings per share from continuing operations was INR 0.51 compared to diluted loss per share from continuing operations of INR 1.64 a year ago.
For the nine months, sales was INR 3,285 million compared to INR 2,295.7 million a year ago. Revenue was INR 3,496 million compared to INR 2,323.4 million a year ago. Net income was INR 201.9 million compared to net loss of INR 384 million a year ago. Basic earnings per share from continuing operations was INR 3.04 compared to basic loss per share from continuing operations of INR 5.78 a year ago. Diluted earnings per share from continuing operations was INR 3.04 compared to diluted loss per share from continuing operations of INR 5.78 a year ago.