Servotech Power Systems Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 520.14 million compared to INR 863.11 million a year ago. Revenue was INR 522.06 million compared to INR 863.57 million a year ago. Net income was INR 11.13 million compared to INR 38.63 million a year ago. Basic earnings per share from continuing operations was INR 0.05 compared to INR 0.18 a year ago. Diluted earnings per share from continuing operations was INR 0.05.
For the nine months, sales was INR 2,175.09 million compared to INR 1,585.08 million a year ago. Revenue was INR 2,186.1 million compared to INR 1,586.62 million a year ago. Net income was INR 83.37 million compared to INR 50.01 million a year ago. Basic earnings per share from continuing operations was INR 0.39 compared to INR 0.24 a year ago. Diluted earnings per share from continuing operations was INR 0.39.