NRB Industrial Bearings 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 179.8 million compared to INR 223.09 million a year ago. Revenue was INR 186.53 million compared to INR 230.43 million a year ago. Net loss was INR 63.22 million compared to INR 18.6 million a year ago. Basic loss per share from continuing operations was INR 2.61 compared to INR 0.77 a year ago. Diluted loss per share from continuing operations was INR 2.61 compared to INR 0.77 a year ago.
For the nine months, sales was INR 544.61 million compared to INR 589.13 million a year ago. Revenue was INR 558.7 million compared to INR 601.95 million a year ago. Net loss was INR 187.15 million compared to INR 93.19 million a year ago. Basic loss per share from continuing operations was INR 7.72 compared to INR 3.85 a year ago. Diluted loss per share from continuing operations was INR 7.72 compared to INR 3.85 a year ago.