MMTC 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 7,631.6 million compared to INR 23,206.3 million a year ago. Revenue was INR 7,880.9 million compared to INR 23,218 million a year ago. Net income was INR 975.5 million compared to net loss of INR 739 million a year ago. Basic earnings per share from continuing operations was INR 0.65 compared to basic loss per share from continuing operations of INR 0.49 a year ago. Diluted earnings per share from continuing operations was INR 0.65 compared to diluted loss per share from continuing operations of INR 0.49 a year ago.
For the nine months, sales was INR 28,199.8 million compared to INR 95,406.5 million a year ago. Revenue was INR 28,696.9 million compared to INR 95,531.6 million a year ago. Net income was INR 15,524.3 million compared to net loss of INR 3,807.6 million a year ago. Basic earnings per share from continuing operations was INR 10.35 compared to basic loss per share from continuing operations of INR 2.54 a year ago. Diluted earnings per share from continuing operations was INR 10.35 compared to diluted loss per share from continuing operations of INR 2.54 a year ago.