Techno Electric & Engineering Company 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 1,852.57 million compared to INR 2,975.56 million a year ago. Revenue was INR 2,052.08 million compared to INR 4,177.78 million a year ago. Net income was INR 314.1 million compared to INR 1,148.72 million a year ago. Basic earnings per share from continuing operations was INR 2.79 compared to INR 11.13 a year ago. Basic earnings per share was INR 2.88 compared to INR 10.44 a year ago.
For the nine months, sales was INR 5,165.28 million compared to INR 6,939.5 million a year ago. Revenue was INR 5,684.94 million compared to INR 8,416.36 million a year ago. Net income was INR 1,260.68 million compared to INR 2,268.03 million a year ago. Basic earnings per share from continuing operations was INR 8.24 compared to INR 18.07 a year ago. Basic earnings per share was INR 11.49 compared to INR 20.62 a year ago.