K G Denim 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 660.6 million compared to INR 1,176 million a year ago. Revenue was INR 665.9 million compared to INR 1,186.8 million a year ago. Net loss was INR 24.2 million compared to INR 76.1 million a year ago. Basic loss per share from continuing operations was INR 0.94 compared to INR 2.87 a year ago. Diluted loss per share from continuing operations was INR 0.94 compared to INR 2.87 a year ago.
For the nine months, sales was INR 1,984.7 million compared to INR 4,412.1 million a year ago. Revenue was INR 2,002.5 million compared to INR 4,448.5 million a year ago. Net loss was INR 178.2 million compared to INR 149.7 million a year ago. Basic loss per share from continuing operations was INR 6.62 compared to INR 5.74 a year ago. Diluted loss per share from continuing operations was INR 6.62 compared to INR 5.74 a year ago.