MMTC 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 7.3 million compared to INR 7,631.6 million a year ago. Revenue was INR 633.3 million compared to INR 7,880.9 million a year ago. Net income was INR 557.1 million compared to INR 975.5 million a year ago. Basic earnings per share from continuing operations was INR 0.37 compared to INR 0.65 a year ago. Diluted earnings per share from continuing operations was INR 0.37 compared to INR 0.65 a year ago.
For the nine months, sales was INR 47 million compared to INR 28,199.8 million a year ago. Revenue was INR 1,393.5 million compared to INR 28,696.9 million a year ago. Net income was INR 1,224 million compared to INR 15,524.3 million a year ago. Basic earnings per share from continuing operations was INR 0.82 compared to INR 10.35 a year ago. Diluted earnings per share from continuing operations was INR 0.82 compared to INR 10.35 a year ago.