Investment & Precision Castings 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 418.27 million compared to INR 314.41 million a year ago. Revenue was INR 423.37 million compared to INR 319.6 million a year ago. Net income was INR 19.33 million compared to net loss of INR 2.34 million a year ago. Basic earnings per share from continuing operations was INR 3.87 compared to basic loss per share from continuing operations of INR 0.47 a year ago. Diluted earnings per share from continuing operations was INR 3.87 compared to diluted loss per share from continuing operations of INR 0.47 a year ago.
For the nine months, sales was INR 1,237.76 million compared to INR 939.55 million a year ago. Revenue was INR 1,260.37 million compared to INR 966.79 million a year ago. Net income was INR 26.64 million compared to INR 9.95 million a year ago. Basic earnings per share from continuing operations was INR 5.33 compared to INR 1.99 a year ago. Diluted earnings per share from continuing operations was INR 5.33 compared to INR 1.99 a year ago.