Somi Conveyor Beltings 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 187.56 million compared to INR 219.19 million a year ago. Revenue was INR 188.38 million compared to INR 219.55 million a year ago. Net income was INR 7.63 million compared to INR 4.57 million a year ago. Basic earnings per share from continuing operations was INR 0.65 compared to INR 0.39 a year ago. Diluted earnings per share from continuing operations was INR 0.65 compared to INR 0.39 a year ago.
For the nine months, sales was INR 636.68 million compared to INR 549.46 million a year ago. Revenue was INR 639.58 million compared to INR 550.87 million a year ago. Net income was INR 26.68 million compared to INR 14.85 million a year ago. Basic earnings per share from continuing operations was INR 2.27 compared to INR 1.26 a year ago. Diluted earnings per share from continuing operations was INR 2.27 compared to INR 1.26 a year ago.