Orient Electric 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 7,390.4 million compared to INR 6,783.5 million a year ago. Revenue was INR 7,476.5 million compared to INR 6,792.4 million a year ago. Net income was INR 325.6 million compared to INR 380.8 million a year ago. Basic earnings per share from continuing operations was INR 1.53 compared to INR 1.79 a year ago. Diluted earnings per share from continuing operations was INR 1.53 compared to INR 1.79 a year ago.
For the nine months, sales was INR 18,712.6 million compared to INR 16,950.5 million a year ago. Revenue was INR 18,915.3 million compared to INR 16,981.8 million a year ago. Net income was INR 512.3 million compared to INR 778.6 million a year ago. Basic earnings per share from continuing operations was INR 2.41 compared to INR 3.67 a year ago. Diluted earnings per share from continuing operations was INR 2.41 compared to INR 3.66 a year ago.