Elin Electronics 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 2,022.48 million compared to INR 2,585.23 million a year ago. Revenue was INR 2,023.92 million compared to INR 2,586.19 million a year ago. Net income was INR 45.85 million compared to INR 69.32 million a year ago. Basic earnings per share from continuing operations was INR 1.08 compared to INR 1.7 a year ago.
For the nine months, sales was INR 8,067.05 million compared to INR 7,767.69 million a year ago. Revenue was INR 8,071.35 million compared to INR 7,775.45 million a year ago. Net income was INR 252.02 million compared to INR 262.66 million a year ago. Basic earnings per share from continuing operations was INR 5.91 compared to INR 6.43 a year ago.
Elin Electronics Limited is an India-based company that is engaged in the business of electronics manufacturing services (EMS). The Company's capabilities include development and engineering, electronics manufacturing services, motors manufacturing, tools manufacturing, press shop, injection molding, and die casting. It is a one-stop solution provider of diverse offerings including EMS, design and manufacturing of electric motors, tools/molds/dies, domestic kitchen appliances, personal care products, lighting products, and automotive components. It manufactures fractional horsepower (FHP) motors, catering to diverse products such as mixer grinders, hand blenders, ventilation fans, kitchen chimneys, air conditioners and air cooler (synchronous motors), personal fans, and room heaters. It also designs and manufactures LED based lighting for indoor applications, such as LED tube light, down-lighter, fancy lights, and table and wall lamps, as well as outdoor, such as street and parks.
