Nelco 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 832.4 million compared to INR 742.3 million a year ago. Revenue was INR 840.8 million compared to INR 749.2 million a year ago. Net income was INR 61.5 million compared to INR 50 million a year ago. Basic earnings per share from continuing operations was INR 2.69 compared to INR 2.19 a year ago.
For the nine months, sales was INR 2,386.9 million compared to INR 2,313.5 million a year ago. Revenue was INR 2,403.2 million compared to INR 2,330.7 million a year ago. Net income was INR 175.7 million compared to INR 141.9 million a year ago. Basic earnings per share from continuing operations was INR 7.7 compared to INR 6.22 a year ago.