India Motor Parts & Accessories 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 1,863.8 million compared to INR 1,908.6 million a year ago. Revenue was INR 1,930.4 million compared to INR 1,944.1 million a year ago. Net income was INR 151.9 million compared to INR 127.4 million a year ago. Basic earnings per share from continuing operations was INR 12.17 compared to INR 10.21 a year ago. Diluted earnings per share from continuing operations was INR 12.17 compared to INR 10.21 a year ago.
For the nine months, sales was INR 5,626 million compared to INR 5,560.8 million a year ago. Revenue was INR 5,877.6 million compared to INR 5,721.1 million a year ago. Net income was INR 541 million compared to INR 497.1 million a year ago. Basic earnings per share from continuing operations was INR 43.35 compared to INR 39.83 a year ago. Diluted earnings per share from continuing operations was INR 43.35 compared to INR 39.83 a year ago.