Wheels India 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 10,764.8 million compared to INR 10,765.8 million a year ago. Revenue was INR 10,900.1 million compared to INR 10,775.5 million a year ago. Net income was INR 117 million compared to INR 193.7 million a year ago. Basic earnings per share from continuing operations was INR 4.86 compared to INR 8.05 a year ago. Diluted earnings per share from continuing operations was INR 4.86 compared to INR 8.05 a year ago.
For the nine months, sales was INR 33,992.8 million compared to INR 27,787.6 million a year ago. Revenue was INR 34,166.9 million compared to INR 27,849.5 million a year ago. Net income was INR 338 million compared to INR 497.2 million a year ago. Basic earnings per share from continuing operations was INR 14.05 compared to INR 20.66 a year ago. Diluted earnings per share from continuing operations was INR 14.05 compared to INR 20.66 a year ago.