Vishal Bearings 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 359.64 million compared to INR 294.67 million a year ago. Revenue was INR 359.74 million compared to INR 298.09 million a year ago. Net income was INR 57.84 million compared to INR 30.24 million a year ago. Basic earnings per share from continuing operations was INR 5.4 compared to INR 2.84 a year ago. Diluted earnings per share from continuing operations was INR 5.4 compared to INR 2.84 a year ago.
For the nine months, sales was INR 899.9 million compared to INR 799.31 million a year ago. Revenue was INR 900.45 million compared to INR 808.1 million a year ago. Net income was INR 63.76 million compared to INR 53.18 million a year ago. Basic earnings per share from continuing operations was INR 5.87 compared to INR 5.36 a year ago. Diluted earnings per share from continuing operations was INR 5.87 compared to INR 5.36 a year ago.