Automotive Axles 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 6,557.76 million compared to INR 3,743.96 million a year ago. Revenue was INR 6,571.29 million compared to INR 3,760.74 million a year ago. Net income was INR 506.83 million compared to INR 198.04 million a year ago. Basic earnings per share from continuing operations was INR 33.54 compared to INR 13.1 a year ago.
For the nine months, sales was INR 16,306.88 million compared to INR 9,383.38 million a year ago. Revenue was INR 16,343.22 million compared to INR 9,421.56 million a year ago. Net income was INR 1,112.15 million compared to INR 355.17 million a year ago. Basic earnings per share from continuing operations was INR 73.59 compared to INR 23.5 a year ago.