Akar Auto Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 653.78 million compared to INR 529.81 million a year ago. Revenue was INR 655.02 million compared to INR 531.16 million a year ago. Net income was INR 21 million compared to net loss of INR 0.321 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 0.03 a year ago. Diluted earnings per share from continuing operations was INR 1.95 compared to diluted loss per share from continuing operations of INR 0.03 a year ago.
For the nine months, sales was INR 1,819.18 million compared to INR 1,176.03 million a year ago. Revenue was INR 1,820.86 million compared to INR 1,178.3 million a year ago. Net income was INR 48.04 million compared to net loss of INR 37.6 million a year ago. Basic earnings per share from continuing operations was INR 4.45 compared to basic loss per share from continuing operations of INR 3.49 a year ago. Diluted earnings per share from continuing operations was INR 4.45 compared to diluted loss per share from continuing operations of INR 3.49 a year ago.