Cosmo Ferrites 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 213.3 million compared to INR 233.6 million a year ago. Revenue was INR 221.2 million compared to INR 236.8 million a year ago. Net loss was INR 13.9 million compared to INR 4.6 million a year ago. Basic loss per share from continuing operations was INR 1.15 compared to INR 0.37 a year ago. Diluted loss per share from continuing operations was INR 1.15 compared to INR 0.37 a year ago.
For the nine months, sales was INR 720.7 million compared to INR 833.7 million a year ago. Revenue was INR 743.1 million compared to INR 846.8 million a year ago. Net loss was INR 14.6 million compared to net income of INR 22.7 million a year ago. Basic loss per share from continuing operations was INR 1.21 compared to basic earnings per share from continuing operations of INR 1.89 a year ago. Diluted loss per share from continuing operations was INR 1.21 compared to diluted earnings per share from continuing operations of INR 1.89 a year ago.