MTAR Technologies 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 1,183.83 million compared to INR 1,601.69 million a year ago. Revenue was INR 1,188.59 million compared to INR 1,659.19 million a year ago. Net income was INR 104.47 million compared to INR 314.49 million a year ago. Basic earnings per share from continuing operations was INR 3.4 compared to INR 10.22 a year ago. Diluted earnings per share from continuing operations was INR 3.4 compared to INR 10.22 a year ago.
For the nine months, sales was INR 4,377.82 million compared to INR 3,773.54 million a year ago. Revenue was INR 4,432.07 million compared to INR 3,922.82 million a year ago. Net income was INR 512.42 million compared to INR 723.5 million a year ago. Basic earnings per share from continuing operations was INR 16.66 compared to INR 23.52 a year ago. Diluted earnings per share from continuing operations was INR 16.66 compared to INR 23.52 a year ago.