Eimco Elecon (India) 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 482.47 million compared to INR 380.87 million a year ago. Revenue was INR 523.43 million compared to INR 410.35 million a year ago. Net income was INR 75.48 million compared to INR 49.11 million a year ago. Basic earnings per share from continuing operations was INR 13.08 compared to INR 8.51 a year ago. Diluted earnings per share from continuing operations was INR 13.08 compared to INR 8.51 a year ago.
For the nine months, sales was INR 1,431.45 million compared to INR 1,084.5 million a year ago. Revenue was INR 1,550.32 million compared to INR 1,151.48 million a year ago. Net income was INR 237.1 million compared to INR 97.13 million a year ago. Basic earnings per share from continuing operations was INR 41.1 compared to INR 16.84 a year ago. Diluted earnings per share from continuing operations was INR 41.1 compared to INR 16.84 a year ago.