Stovec Industries Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was INR 476.36 million compared to INR 446.07 million a year ago. Revenue was INR 482.4 million compared to INR 454.45 million a year ago. Net income was INR 5.68 million compared to INR 8.79 million a year ago. Basic earnings per share from continuing operations was INR 2.72 compared to INR 4.21 a year ago. Diluted earnings per share from continuing operations was INR 2.72 compared to INR 4.21 a year ago.
For the nine months, sales was INR 1,492.82 million compared to INR 1,749.2 million a year ago. Revenue was INR 1,527.25 million compared to INR 1,785.66 million a year ago. Net income was INR 50.31 million compared to INR 231.03 million a year ago. Basic earnings per share from continuing operations was INR 24.09 compared to INR 110.65 a year ago. Diluted earnings per share from continuing operations was INR 24.09 compared to INR 110.65 a year ago.