Gujarat Apollo Industries 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 104.84 million compared to INR 201.15 million a year ago. Revenue was INR 157.23 million compared to INR 236.66 million a year ago. Net income was INR 26.25 million compared to INR 7.24 million a year ago. Basic earnings per share from continuing operations was INR 2.1. Diluted earnings per share from continuing operations was INR 2.1.
For the nine months, sales was INR 535.98 million compared to INR 325 million a year ago. Revenue was INR 729.41 million compared to INR 530.46 million a year ago. Net income was INR 75.82 million compared to INR 56.64 million a year ago. Basic earnings per share from continuing operations was INR 10.24 compared to INR 5.94 a year ago. Diluted earnings per share from continuing operations was INR 10.24 compared to INR 5.94 a year ago.