Banas Finance Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported negative revenue was INR 25.07 million compared to revenue of INR 585.03 million a year ago. Net loss was INR 57.35 million compared to net income of INR 528.3 million a year ago. Basic loss per share from continuing operations was INR 1.194 compared to basic earnings per share from continuing operations of INR 20.597 a year ago. Diluted loss per share from continuing operations was INR 1.194 compared to diluted earnings per share from continuing operations of INR 20.597 a year ago.
For the nine months, negative revenue was INR 723.66 million compared to revenue of INR 980.36 million a year ago. Net loss was INR 841.46 million compared to net income of INR 914.15 million a year ago. Basic loss per share from continuing operations was INR 17.514 compared to basic earnings per share from continuing operations of INR 35.641 a year ago. Diluted loss per share from continuing operations was INR 17.514 compared to diluted earnings per share from continuing operations of INR 35.641 a year ago.