United Drilling Tools 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 265.08 million compared to INR 521.44 million a year ago. Revenue was INR 266.72 million compared to INR 527.5 million a year ago. Net income was INR 20.84 million compared to INR 131.02 million a year ago. Basic earnings per share from continuing operations was INR 1.02 compared to INR 6.45 a year ago. Diluted earnings per share from continuing operations was INR 1.02 compared to INR 6.45 a year ago.
For the nine months, sales was INR 978.95 million compared to INR 1,343 million a year ago. Revenue was INR 982.88 million compared to INR 1,359.76 million a year ago. Net income was INR 74.51 million compared to INR 428.12 million a year ago. Basic earnings per share from continuing operations was INR 3.66 compared to INR 21.08 a year ago. Diluted earnings per share from continuing operations was INR 3.66 compared to INR 21.08 a year ago.