Vedavaag 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 179.09 million compared to INR 224.35 million a year ago. Revenue was INR 179.13 million compared to INR 224.96 million a year ago. Net income was INR 16.18 million compared to INR 24.93 million a year ago. Basic earnings per share from continuing operations was INR 0.71 compared to INR 1.09 a year ago. Diluted earnings per share from continuing operations was INR 0.71 compared to INR 1.09 a year ago.
For the nine months, sales was INR 650.74 million compared to INR 667.56 million a year ago. Revenue was INR 650.88 million compared to INR 668.31 million a year ago. Net income was INR 64.34 million compared to INR 72.18 million a year ago. Basic earnings per share from continuing operations was INR 2.81 compared to INR 3.15 a year ago. Diluted earnings per share from continuing operations was INR 2.81 compared to INR 3.15 a year ago.