Modern Engineering and Projects 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 198.59 million compared to INR 0.904 million a year ago. Revenue was INR 198.59 million compared to INR 0.909 million a year ago. Net income was INR 0.119 million compared to net loss of INR 8.83 million a year ago. Basic earnings per share from continuing operations was INR 0.04 compared to basic loss per share from continuing operations of INR 2.86 a year ago. Diluted earnings per share from continuing operations was INR 0.04 compared to diluted loss per share from continuing operations of INR 2.86 a year ago.
For the nine months, sales was INR 524.78 million compared to INR 16.46 million a year ago. Revenue was INR 531.02 million compared to INR 16.83 million a year ago. Net income was INR 20.16 million compared to net loss of INR 17.71 million a year ago. Basic earnings per share from continuing operations was INR 6.52 compared to basic loss per share from continuing operations of INR 5.73 a year ago. Diluted earnings per share from continuing operations was INR 6.52 compared to diluted loss per share from continuing operations of INR 5.73 a year ago.