Patel 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 10,610.05 million compared to INR 9,546.3 million a year ago. Revenue was INR 10,761.19 million compared to INR 9,806.81 million a year ago. Net income was INR 1,231.14 million compared to net loss of INR 3.53 million a year ago. Basic earnings per share from continuing operations was INR 0.89 compared to INR 0.35 a year ago. Diluted earnings per share from continuing operations was INR 0.87 compared to INR 0.32 a year ago.
For the nine months, sales was INR 32,009.29 million compared to INR 26,860.83 million a year ago. Revenue was INR 32,586.5 million compared to INR 27,757.15 million a year ago. Net income was INR 2,826.22 million compared to INR 1,513.95 million a year ago. Basic earnings per share from continuing operations was INR 2.02 compared to INR 1.41 a year ago. Diluted earnings per share from continuing operations was INR 2.02 compared to INR 1.19 a year ago.