Bannari Amman Spinning Mills Ltd. reported earnings results for the third quarter and nine months ended December 31, 2023. For the nine months, the company reported sales was INR 2,029.408 million compared to INR 2,150.157 million a year ago. Revenue was INR 2,054.291 million compared to INR 2,160.632 million a year ago. Net loss was INR 36.429 million compared to INR 143.221 million a year ago. Basic loss per share from continuing operations was INR 0.56 compared to INR 2.19 a year ago. Diluted loss per share from continuing operations was INR 0.56 compared to INR 2.19 a year ago.

For the nine months, the company reported sales was INR 9,181.64 million compared to INR 10,184.25 million a year ago. Revenue was INR 9,262.94 million compared to INR 10,213.3 million a year ago. Net loss was INR 91.35 million compared to INR 193.22 million a year ago. Basic loss per share from continuing operations was INR 1.41 compared to INR 2.98 a year ago. Diluted loss per share from continuing operations was INR 1.41 compared to INR 2.98 a year ago.