Rico Auto Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023 at 04:47 am
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Rico Auto Industries 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 5,484.6 million compared to INR 4,732.4 million a year ago. Revenue was INR 5,499.3 million compared to INR 4,754.8 million a year ago. Net income was INR 95.9 million compared to INR 94.2 million a year ago. Basic earnings per share from continuing operations was INR 0.71 compared to INR 0.7 a year ago.
For the nine months, sales was INR 17,049 million compared to INR 13,477.9 million a year ago. Revenue was INR 17,162.6 million compared to INR 13,593 million a year ago. Net income was INR 267.4 million compared to INR 142.3 million a year ago. Basic earnings per share from continuing operations was INR 1.98 compared to INR 1.05 a year ago.
Rico Auto Industries Limited is an India-based engineering company. The Company is supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers (OEMs) across the globe. The Companyâs integrated services include design, development, tooling, casting, machining and assembly of ferrous and aluminum products. The Companyâs products include oil pump assembly, lube oil filter heads, exhaust manifolds, turbine housings, center housings, backplates, oil pan, intake manifold covers, front cover, valve cover, side cover, balance shafts assembly, gear housing, steering knuckles, gear shifts forks, brake panel assembly, automatic transmission bracket assembly, main bearing caps, clutch assembly, turbine housings, cylinder head covers, flywheels, engine brackets and differential case housings. Its subsidiaries include Rico Auto Industries Inc., USA, and Rico Auto Industries (UK) Limited, U.K.
RICO AUTO INDUSTRIES LIMITED 
