Loyal Textile Mills 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 2,041.7 million compared to INR 2,853.1 million a year ago. Revenue was INR 2,236 million compared to INR 2,911.8 million a year ago. Net loss was INR 21.8 million compared to INR 178.9 million a year ago. Basic loss per share from continuing operations was INR 4.52 compared to INR 37.14 a year ago. Diluted loss per share from continuing operations was INR 4.52 compared to INR 37.14 a year ago.
For the nine months, sales was INR 7,384.2 million compared to INR 10,732.1 million a year ago. Revenue was INR 7,696.7 million compared to INR 10,824.5 million a year ago. Net loss was INR 261.3 million compared to net income of INR 24.5 million a year ago. Basic loss per share from continuing operations was INR 54.24 compared to basic earnings per share from continuing operations of INR 5.09 a year ago. Diluted loss per share from continuing operations was INR 54.24 compared to diluted earnings per share from continuing operations of INR 5.09 a year ago.