Nelco 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 742.3 million compared to INR 720.6 million a year ago. Revenue was INR 749.5 million compared to INR 735 million a year ago. Net income was INR 50 million compared to INR 52.6 million a year ago. Basic earnings per share from continuing operations was INR 2.19 compared to INR 2.3 a year ago.
For the nine months, sales was INR 2,313.5 million compared to INR 1,883.8 million a year ago. Revenue was INR 2,330.7 million compared to INR 1,915.8 million a year ago. Net income was INR 141.9 million compared to INR 130.5 million a year ago. Basic earnings per share from continuing operations was INR 6.22 compared to INR 5.72 a year ago.