IEL Limited reported earnings results for the third quarter and nine months ended January 20, 2023. For the third quarter, the company reported sales was INR 59.06 million. Revenue was INR 59.06 million compared to INR 0.05 million a year ago. Net income was INR 9.17 million compared to net loss of INR 0.592 million a year ago. Basic earnings per share from continuing operations was INR 2.75 compared to basic loss per share from continuing operations of INR 0.18 a year ago. Diluted earnings per share from continuing operations was INR 2.75 compared to diluted loss per share from continuing operations of INR 0.18 a year ago.
For the nine months, sales was INR 100.38 million compared to INR 6.33 million a year ago. Revenue was INR 100.39 million compared to INR 7.81 million a year ago. Net income was INR 24.08 million compared to net loss of INR 0.717 million a year ago. Basic earnings per share from continuing operations was INR 7.22 compared to basic loss per share from continuing operations of INR 0.21 a year ago. Diluted earnings per share from continuing operations was INR 7.22 compared to diluted loss per share from continuing operations of INR 0.21 a year ago.