Varroc Engineering 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 17,167.71 million compared to INR 14,886.09 million a year ago. Revenue was INR 17,257.83 million compared to INR 14,971.03 million a year ago. Net income was INR 204.04 million compared to net loss of INR 2,959.83 million a year ago. Basic earnings per share from continuing operations was INR 1.34 compared to basic loss per share from continuing operations of INR 1.91 a year ago. Basic earnings per share was INR 1.34 compared to basic loss per share of INR 19.37 a year ago.
For the nine months, sales was INR 51,730.08 million compared to INR 41,922.14 million a year ago. Revenue was INR 52,096.93 million compared to INR 42,165.88 million a year ago. Net loss was INR 8,594.58 million compared to INR 8,245.56 million a year ago. Basic loss per share from continuing operations was INR 0.23 compared to INR 3.17 a year ago. Basic loss per share was INR 56.25 compared to INR 53.96 a year ago.