Welspun Corp 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 47,497.1 million compared to INR 24,023.2 million a year ago. Revenue was INR 47,581.7 million compared to INR 24,103.3 million a year ago. Net income was INR 2,918.6 million compared to INR 232.4 million a year ago. Basic earnings per share from continuing operations was INR 11.15 compared to INR 0.89 a year ago. Diluted earnings per share from continuing operations was INR 11.13 compared to INR 0.89 a year ago.
For the nine months, sales was INR 128,784.3 million compared to INR 56,879.5 million a year ago. Revenue was INR 130,383.6 million compared to INR 59,457 million a year ago. Net income was INR 8,419.2 million compared to net loss of INR 292.4 million a year ago. Basic earnings per share from continuing operations was INR 32.19 compared to basic loss per share from continuing operations of INR 1.12 a year ago. Diluted earnings per share from continuing operations was INR 32.1 compared to diluted loss per share from continuing operations of INR 1.12 a year ago.