OTL: Onward Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2024

Onward Technologies Limited reported earnings results for the third quarter and nine months ended December 31, 2024. For the third quarter, the company reported sales was INR 1,233.9 million compared to INR 1,140.86 million a year ago. Revenue was INR 1,245.2 million compared to INR 1,168.7 million a year ago. Net income was INR 60.36 million compared to INR 67.86 million a year ago. Basic earnings per share from continuing operations was INR 2.66 compared to INR 3.02 a year ago. Diluted earnings per share from continuing operations was INR 2.63 compared to INR 2.96 a year ago. For the nine months, sales was INR 3,640.28 million compared to INR 3,539.48 million a year ago. Revenue was INR 3,685.47 million compared to INR 3,584.05 million a year ago. Net income was INR 166.65 million compared to INR 272.36 million a year ago. Basic earnings per share from continuing operations was INR 7.37 compared to INR 12.16 a year ago. Diluted earnings per share from continuing operations was INR 7.26 compared to INR 11.9 a year ago.