Sal Automotive 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 763 million compared to INR 337.3 million a year ago. Revenue was INR 766.5 million compared to INR 340.3 million a year ago. Net income was INR 8 million compared to net loss of INR 16.7 million a year ago. Basic earnings per share from continuing operations was INR 3.35 compared to basic loss per share from continuing operations of INR 6.98 a year ago. Diluted earnings per share from continuing operations was INR 3.35 compared to diluted loss per share from continuing operations of INR 6.98 a year ago.
For the nine months, sales was INR 2,116.7 million compared to INR 1,128.3 million a year ago. Revenue was INR 2,127 million compared to INR 1,139.9 million a year ago. Net income was INR 19.5 million compared to net loss of INR 10.1 million a year ago. Basic earnings per share from continuing operations was INR 8.14 compared to basic loss per share from continuing operations of INR 4.21 a year ago. Diluted earnings per share from continuing operations was INR 8.14 compared to diluted loss per share from continuing operations of INR 4.21 a year ago.