Somi Conveyor Beltings 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 219.19 million compared to INR 151.1 million a year ago. Revenue was INR 219.55 million compared to INR 152.9 million a year ago. Net income was INR 4.57 million compared to INR 4.09 million a year ago. Basic earnings per share from continuing operations was INR 0.39 compared to INR 0.35 a year ago. Diluted earnings per share from continuing operations was INR 0.39 compared to INR 0.35 a year ago.
For the nine months, sales was INR 549.46 million compared to INR 398.2 million a year ago. Revenue was INR 550.87 million compared to INR 401.09 million a year ago. Net income was INR 14.85 million compared to INR 11.15 million a year ago. Basic earnings per share from continuing operations was INR 1.26 compared to INR 0.95 a year ago. Diluted earnings per share from continuing operations was INR 1.26 compared to INR 0.95 a year ago.