Varroc Engineering 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 18,845.88 million compared to INR 17,227.71 million a year ago. Revenue was INR 18,935.16 million compared to INR 17,257.83 million a year ago. Net income was INR 3,826.85 million compared to INR 204.04 million a year ago. Basic earnings per share from continuing operations was INR 25.05 compared to INR 1.34 a year ago. Diluted earnings per share from continuing operations was INR 25.05 compared to INR 1.34 a year ago. Basic earnings per share was INR 25.05 compared to INR 1.34 a year ago. Diluted earnings per share was INR 25.05 compared to INR 1.34 a year ago.
For the nine months, sales was INR 55,770.82 million compared to INR 51,920.98 million a year ago. Revenue was INR 55,982.39 million compared to INR 52,096.93 million a year ago. Net income was INR 4,691.69 million compared to net loss of INR 8,594.58 million a year ago. Basic earnings per share from continuing operations was INR 32.08 compared to basic loss per share from continuing operations of INR 0.23 a year ago. Diluted earnings per share from continuing operations was INR 32.08 compared to diluted loss per share from continuing operations of INR 0.23 a year ago. Basic earnings per share was INR 30.71 compared to basic loss per share of INR 56.25 a year ago. Diluted earnings per share was INR 30.71 compared to diluted loss per share of INR 56.25 a year ago.