Polymechplast Machines 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 148.1 million compared to INR 225.51 million a year ago. Revenue was INR 149.71 million compared to INR 227.02 million a year ago. Net income was INR 0.862 million compared to INR 10.8 million a year ago. Basic earnings per share from continuing operations was INR 0.15 compared to INR 1.91 a year ago. Diluted earnings per share from continuing operations was INR 0.15 compared to INR 1.91 a year ago.
For the nine months, sales was INR 497.38 million compared to INR 568.63 million a year ago. Revenue was INR 502.02 million compared to INR 571.86 million a year ago. Net income was INR 13.18 million compared to INR 26.25 million a year ago. Basic earnings per share from continuing operations was INR 2.35 compared to INR 5.14 a year ago. Diluted earnings per share from continuing operations was INR 2.35 compared to INR 5.14 a year ago.