LGB Forge 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 260.02 million compared to INR 346.61 million a year ago. Revenue was INR 262.84 million compared to INR 347.73 million a year ago. Net loss was INR 43.83 million compared to net income of INR 10.02 million a year ago. Basic loss per share from continuing operations was INR 0.18 compared to basic earnings per share from continuing operations of INR 0.04 a year ago. Diluted loss per share from continuing operations was INR 0.18 compared to diluted earnings per share from continuing operations of INR 0.04 a year ago.
For the nine months, sales was INR 838.33 million compared to INR 978.85 million a year ago. Revenue was INR 848.19 million compared to INR 984.54 million a year ago. Net loss was INR 76.41 million compared to net income of INR 31.89 million a year ago. Basic loss per share from continuing operations was INR 0.32 compared to basic earnings per share from continuing operations of INR 0.13 a year ago. Diluted loss per share from continuing operations was INR 0.32 compared to diluted earnings per share from continuing operations of INR 0.13 a year ago.