Bannari Amman Spinning Mills Ltd reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 2,894.64 million compared to INR 4,490.42 million a year ago. Revenue was INR 2,914.15 million compared to INR 4,516.88 million a year ago. Net loss was INR 134.08 million compared to net income of INR 196.55 million a year ago. Basic loss per share from continuing operations was INR 2.07 compared to basic earnings per share from continuing operations of INR 5.81 a year ago.
For the nine months, sales was INR 10,184.25 million compared to INR 10,964.76 million a year ago. Revenue was INR 10,213.3 million compared to INR 11,009.73 million a year ago. Net loss was INR 193.22 million compared to net income of INR 527.78 million a year ago. Basic loss per share from continuing operations was INR 4.02 compared to basic earnings per share from continuing operations of INR 13.08 a year ago.