Venus Pipes and Tubes 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 2,071.27 million compared to INR 1,361.07 million a year ago. Revenue was INR 2,091.25 million compared to INR 1,364.2 million a year ago. Net income was INR 232.75 million compared to INR 112.77 million a year ago. Basic earnings per share from continuing operations was INR 11.47 compared to INR 5.77 a year ago. Diluted earnings per share from continuing operations was INR 11.47 compared to INR 5.77 a year ago.
For the nine months, sales was INR 5,780.94 million compared to INR 3,761.16 million a year ago. Revenue was INR 5,811.3 million compared to INR 3,779.71 million a year ago. Net income was INR 609.4 million compared to INR 307.78 million a year ago. Basic earnings per share from continuing operations was INR 30.03 compared to INR 15.74 a year ago. Diluted earnings per share from continuing operations was INR 30.03 compared to INR 15.74 a year ago.