Jay Shree Tea & Industries 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 2,672.6 million compared to INR 2,258.6 million a year ago. Revenue was INR 2,700.8 million compared to INR 2,273.2 million a year ago. Net loss was INR 82 million compared to net income of INR 236.8 million a year ago. Basic loss per share from continuing operations was INR 3.91 compared to basic earnings per share from continuing operations of INR 10.39 a year ago. Basic loss per share was INR 3.62 compared to basic earnings per share of INR 10.45 a year ago.
For the nine months, sales was INR 6,657.9 million compared to INR 5,874.4 million a year ago. Revenue was INR 6,795.7 million compared to INR 5,947.3 million a year ago. Net loss was INR 361.9 million compared to net income of INR 474.5 million a year ago. Basic loss per share from continuing operations was INR 16.07 compared to basic earnings per share from continuing operations of INR 20.63 a year ago. Basic loss per share was INR 15.97 compared to basic earnings per share of INR 20.93 a year ago.