Electrotherm (India) 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 6,149.7 million compared to INR 8,105.8 million a year ago. Revenue was INR 6,157 million compared to INR 8,113 million a year ago. Net income was INR 73.1 million compared to net loss of INR 135.8 million a year ago. Basic earnings per share from continuing operations was INR 5.74 compared to basic loss per share from continuing operations of INR 10.66 a year ago. Diluted earnings per share from continuing operations was INR 5.74 compared to diluted loss per share from continuing operations of INR 10.66 a year ago.
For the nine months, sales was INR 20,408.9 million compared to INR 22,245.7 million a year ago. Revenue was INR 20,455.9 million compared to INR 22,266.9 million a year ago. Net loss was INR 533.9 million compared to INR 176.4 million a year ago. Basic loss per share from continuing operations was INR 41.91 compared to INR 13.85 a year ago. Diluted loss per share from continuing operations was INR 41.91 compared to INR 13.85 a year ago.