Prakash Pipes 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 1,582.2 million compared to INR 1,719.1 million a year ago. Revenue was INR 1,626.3 million compared to INR 1,733.1 million a year ago. Net income was INR 231.4 million compared to INR 134.3 million a year ago. Basic earnings per share from continuing operations was INR 9.67 compared to INR 5.61 a year ago. Diluted earnings per share from continuing operations was INR 9.67 compared to INR 5.42 a year ago.
For the nine months, sales was INR 5,046.4 million compared to INR 5,533.4 million a year ago. Revenue was INR 5,156.7 million compared to INR 5,745.5 million a year ago. Net income was INR 642.8 million compared to INR 515.3 million a year ago. Basic earnings per share from continuing operations was INR 26.87 compared to INR 21.54 a year ago. Diluted earnings per share from continuing operations was INR 26.87 compared to INR 20.79 a year ago.