International Conveyors 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 443.1 million compared to INR 638.6 million a year ago. Revenue was INR 480.3 million compared to INR 688.3 million a year ago. Net income was INR 66.5 million compared to INR 79.6 million a year ago. Basic earnings per share from continuing operations was INR 0.99 compared to INR 1.18 a year ago. Diluted earnings per share from continuing operations was INR 0.99 compared to INR 1.18 a year ago.
For the nine months, sales was INR 1,661.9 million compared to INR 1,474 million a year ago. Revenue was INR 1,761.4 million compared to INR 1,556 million a year ago. Net income was INR 208.5 million compared to INR 134.2 million a year ago. Basic earnings per share from continuing operations was INR 3.11 compared to INR 1.99 a year ago. Diluted earnings per share from continuing operations was INR 3.11 compared to INR 1.99 a year ago.