Servotech Power Systems 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 832.74 million compared to INR 414.16 million a year ago. Revenue was INR 863.57 million compared to INR 414.29 million a year ago. Net income was INR 38.63 million compared to INR 10.64 million a year ago. Basic earnings per share from continuing operations was INR 0.182 compared to INR 0.058 a year ago.
For the nine months, sales was INR 1,542.63 million compared to INR 926.1 million a year ago. Revenue was INR 1,586.62 million compared to INR 931.47 million a year ago. Net income was INR 50.01 million compared to INR 27.39 million a year ago. Basic earnings per share from continuing operations was INR 0.235 compared to INR 0.149 a year ago.