Usha Martin 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 7,970.9 million compared to INR 8,336.3 million a year ago. Revenue was INR 8,029.8 million compared to INR 8,380.3 million a year ago. Net income was INR 1,075 million compared to INR 839.4 million a year ago. Basic earnings per share from continuing operations was INR 3.53 compared to INR 2.76 a year ago.
For the nine months, sales was INR 23,961.7 million compared to INR 24,125.4 million a year ago. Revenue was INR 24,269.6 million compared to INR 24,292.7 million a year ago. Net income was INR 3,177 million compared to INR 2,449.3 million a year ago. Basic earnings per share from continuing operations was INR 10.43 compared to INR 8.05 a year ago.