Gravity (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 15.97 million compared to INR 40.37 million a year ago. Revenue was INR 16.12 million compared to INR 40.83 million a year ago. Net income was INR 0.546 million compared to INR 0.607 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to INR 0.07 a year ago.
For the nine months, sales was INR 62.83 million compared to INR 77.56 million a year ago. Revenue was INR 63.16 million compared to INR 78.95 million a year ago. Net loss was INR 3.52 million compared to net income of INR 1.15 million a year ago. Basic loss per share from continuing operations was INR 0.39 compared to basic earnings per share from continuing operations of INR 0.13 a year ago.