HFCL 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 10,323.1 million compared to INR 10,858.4 million a year ago. Revenue was INR 10,790.3 million compared to INR 11,101.7 million a year ago. Net income was INR 822.4 million compared to INR 961.3 million a year ago. Basic earnings per share from continuing operations was INR 0.58 compared to INR 0.69 a year ago. Diluted earnings per share from continuing operations was INR 0.58 compared to INR 0.69 a year ago.
For the nine months, sales was INR 31,389.9 million compared to INR 33,103.3 million a year ago. Revenue was INR 32,160.5 million compared to INR 33,437.7 million a year ago. Net income was INR 2,197.5 million compared to INR 2,291.5 million a year ago. Basic earnings per share from continuing operations was INR 1.57 compared to INR 1.66 a year ago. Diluted earnings per share from continuing operations was INR 1.57 compared to INR 1.66 a year ago.