Swelect Energy 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 516.94 million compared to INR 1,071.17 million a year ago. Revenue was INR 590.6 million compared to INR 1,110.59 million a year ago. Net loss was INR 7.61 million compared to net income of INR 188.02 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to INR 13.63 a year ago. Diluted earnings per share from continuing operations was INR 0.11 compared to INR 13.63 a year ago. Basic loss per share was INR 0.62 compared to basic earnings per share of INR 12.32 a year ago. Diluted loss per share was INR 0.62 compared to diluted earnings per share of INR 12.32 a year ago.
For the nine months, sales was INR 2,731.13 million compared to INR 2,030.88 million a year ago. Revenue was INR 2,884.17 million compared to INR 2,191.44 million a year ago. Net income was INR 21.97 million compared to INR 202.23 million a year ago. Basic earnings per share from continuing operations was INR 15.8 compared to INR 20.97 a year ago. Diluted earnings per share from continuing operations was INR 15.8 compared to INR 20.97 a year ago. Basic earnings per share was INR 1.76 compared to INR 13.27 a year ago. Diluted earnings per share was INR 1.76 compared to INR 13.27 a year ago.