Karma Energy 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 18.65 million compared to INR 78.77 million a year ago. Revenue was INR 20.25 million compared to INR 79.75 million a year ago. Net loss was INR 14.08 million compared to net income of INR 13.67 million a year ago. Diluted loss per share from continuing operations was INR 1.22 compared to diluted earnings per share from continuing operations of INR 1.18 a year ago.
For the nine months, sales was INR 116.59 million compared to INR 256.1 million a year ago. Revenue was INR 123.24 million compared to INR 260.39 million a year ago. Net income was INR 16.26 million compared to INR 4.3 million a year ago. Basic earnings per share from continuing operations was INR 1.41 compared to INR 0.37 a year ago. Diluted earnings per share from continuing operations was INR 1.41 compared to INR 0.37 a year ago.