Raymond 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 23,861.6 million compared to INR 21,681.6 million a year ago. Revenue was INR 24,503.2 million compared to INR 21,995.3 million a year ago. Net income was INR 1,836 million compared to INR 948.4 million a year ago. Basic earnings per share from continuing operations was INR 27.57 compared to INR 14.25 a year ago. Diluted earnings per share from continuing operations was INR 27.57 compared to INR 14.25 a year ago.
For the nine months, sales was INR 64,110.1 million compared to INR 60,645.4 million a year ago. Revenue was INR 65,974.6 million compared to INR 61,447.8 million a year ago. Net income was INR 14,085.4 million compared to INR 3,345.9 million a year ago. Basic earnings per share from continuing operations was INR 211.62 compared to INR 50.26 a year ago. Diluted earnings per share from continuing operations was INR 211.62 compared to INR 50.26 a year ago.