Shalimar Wires Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 312.54 million compared to INR 276.18 million a year ago. Net income was INR 10.67 million compared to net loss of INR 15.05 million a year ago. Basic earnings per share from continuing operations was INR 0.25 compared to basic loss per share from continuing operations of INR 0.35 a year ago. Diluted earnings per share from continuing operations was INR 0.25 compared to diluted loss per share from continuing operations of INR 0.35 a year ago.
For the nine months, revenue was INR 914.58 million compared to INR 745.23 million a year ago. Net income was INR 23.37 million compared to net loss of INR 97.22 million a year ago. Basic earnings per share from continuing operations was INR 0.55 compared to basic loss per share from continuing operations of INR 2.27 a year ago. Diluted earnings per share from continuing operations was INR 0.55 compared to diluted loss per share from continuing operations of INR 2.27 a year ago.