Spacenet Enterprises India 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 295.29 million compared to INR 390.99 million a year ago. Revenue was INR 295.35 million compared to INR 391.15 million a year ago. Net income was INR 35.21 million compared to INR 6.84 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to INR 0.01 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to INR 0.01 a year ago.
For the nine months, sales was INR 804.87 million compared to INR 1,162.35 million a year ago. Revenue was INR 806.15 million compared to INR 1,166.19 million a year ago. Net income was INR 87.32 million compared to INR 15.83 million a year ago. Basic earnings per share from continuing operations was INR 0.17 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.17 compared to INR 0.03 a year ago.