Welspun Specialty Solutions 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 1,747.5 million compared to INR 1,111.8 million a year ago. Revenue was INR 1,819.4 million compared to INR 1,126.8 million a year ago. Net income was INR 61 million compared to net loss of INR 31.2 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to basic loss per share from continuing operations of INR 0.06 a year ago. Diluted earnings per share from continuing operations was INR 0.11 compared to diluted loss per share from continuing operations of INR 0.06 a year ago.
For the nine months, sales was INR 5,454 million compared to INR 2,800.3 million a year ago. Revenue was INR 5,617.6 million compared to INR 2,918.1 million a year ago. Net income was INR 224.4 million compared to net loss of INR 217.9 million a year ago. Basic earnings per share from continuing operations was INR 0.42 compared to basic loss per share from continuing operations of INR 0.41 a year ago. Diluted earnings per share from continuing operations was INR 0.42 compared to diluted loss per share from continuing operations of INR 0.41 a year ago.