Sterlite Technologies 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 18,820 million compared to INR 12,870 million a year ago. Revenue was INR 16,910 million compared to INR 13,070 million a year ago. Net income was INR 500 million compared to net loss of INR 1,380 million a year ago. Basic earnings per share from continuing operations was INR 1.95 compared to basic loss per share from continuing operations of INR 2.56 a year ago. Diluted earnings per share from continuing operations was INR 1.94 compared to diluted loss per share from continuing operations of INR 2.56 a year ago. Basic earnings per share was INR 1.27 compared to basic loss per share of INR 3.48 a year ago. Diluted earnings per share was INR 1.26 compared to diluted loss per share of INR 3.48 a year ago.
For the nine months, sales was INR 50,500 million compared to INR 39,360 million a year ago. Revenue was INR 50,660 million compared to INR 39,640 million a year ago. Net income was INR 740 million compared to INR 830 million a year ago. Basic earnings per share from continuing operations was INR 4.07 compared to INR 3.82 a year ago. Diluted earnings per share from continuing operations was INR 4.06 compared to INR 3.8 a year ago. Basic earnings per share was INR 1.86 compared to INR 2.1 a year ago. Diluted earnings per share was INR 1.85 compared to INR 2.08 a year ago.