Coromandel Engineering Company 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 215.89 million compared to INR 280.25 million a year ago. Revenue was INR 216.19 million compared to INR 280.37 million a year ago. Net loss was INR 10.68 million compared to INR 15.18 million a year ago. Basic loss per share from continuing operations was INR 0.321 compared to INR 0.46 a year ago. Diluted loss per share from continuing operations was INR 0.321 compared to INR 0.46 a year ago.
For the nine months, sales was INR 725.8 million compared to INR 1,004.17 million a year ago. Revenue was INR 726.11 million compared to INR 1,004.3 million a year ago. Net loss was INR 42.36 million compared to INR 40.32 million a year ago. Basic loss per share from continuing operations was INR 1.274 compared to INR 1.21 a year ago. Diluted loss per share from continuing operations was INR 1.274 compared to INR 1.21 a year ago.