Indo Rama Synthetics (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 8,896.8 million compared to INR 10,991.6 million a year ago. Revenue was INR 8,900.6 million compared to INR 11,024.7 million a year ago. Net loss was INR 659.3 million compared to net income of INR 954 million a year ago. Basic loss per share from continuing operations was INR 2.52 compared to basic earnings per share from continuing operations of INR 3.65 a year ago. Diluted loss per share from continuing operations was INR 2.52 compared to diluted earnings per share from continuing operations of INR 3.65 a year ago.
For the nine months, sales was INR 32,049 million compared to INR 27,863.7 million a year ago. Revenue was INR 32,242.9 million compared to INR 27,920.5 million a year ago. Net loss was INR 261.8 million compared to net income of INR 1,619.3 million a year ago. Basic loss per share from continuing operations was INR 1 compared to basic earnings per share from continuing operations of INR 6.2 a year ago. Diluted loss per share from continuing operations was INR 1 compared to diluted earnings per share from continuing operations of INR 6.2 a year ago.