Swelect Energy Systems 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 635.38 million compared to INR 256.28 million a year ago. Revenue was INR 713.55 million compared to INR 329.91 million a year ago. Net income was INR 79.27 million compared to net loss of INR 7.61 million a year ago. Basic earnings per share from continuing operations was INR 6 compared to INR 1.95 a year ago. Diluted earnings per share from continuing operations was INR 6 compared to INR 1.95 a year ago. Basic earnings per share was INR 5.42 compared to basic loss per share of INR 0.62 a year ago. Diluted earnings per share was INR 5.42 compared to diluted loss per share of INR 0.62 a year ago.
For the nine months, sales was INR 1,672.64 million compared to INR 1,839.76 million a year ago. Revenue was INR 1,950.86 million compared to INR 1,989.75 million a year ago. Net income was INR 256.66 million compared to INR 21.97 million a year ago. Basic earnings per share from continuing operations was INR 14.15 compared to INR 15.72 a year ago. Diluted earnings per share from continuing operations was INR 14.15 compared to INR 15.72 a year ago. Basic earnings per share was INR 17.86 compared to INR 1.76 a year ago. Diluted earnings per share was INR 17.86 compared to INR 1.76 a year ago.