Precision Electronics 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 170.4 million compared to INR 72.7 million a year ago. Revenue was INR 171.1 million compared to INR 74.3 million a year ago. Net income was INR 15.5 million compared to net loss of INR 15.3 million a year ago. Basic earnings per share from continuing operations was INR 1.12 compared to basic loss per share from continuing operations of INR 1.1 a year ago. Diluted earnings per share from continuing operations was INR 1.12 compared to diluted loss per share from continuing operations of INR 1.1 a year ago.
For the nine months, sales was INR 335.6 million compared to INR 258.7 million a year ago. Revenue was INR 337.4 million compared to INR 264 million a year ago. Net loss was INR 0.9 million compared to INR 3.1 million a year ago. Basic loss per share from continuing operations was INR 0.07 compared to INR 0.23 a year ago. Diluted loss per share from continuing operations was INR 0.07 compared to INR 0.23 a year ago.