Madhav Marbles and Granites 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 65.02 million compared to INR 91.97 million a year ago. Revenue was INR 73.27 million compared to INR 108.56 million a year ago. Net loss was INR 21.52 million compared to INR 16.99 million a year ago. Basic loss per share from continuing operations was INR 2.41 compared to INR 1.9 a year ago. Diluted loss per share from continuing operations was INR 2.41 compared to INR 1.9 a year ago.
For the nine months, sales was INR 283.07 million compared to INR 356.13 million a year ago. Revenue was INR 306.11 million compared to INR 392.48 million a year ago. Net loss was INR 29.01 million compared to INR 24.41 million a year ago. Basic loss per share from continuing operations was INR 3.24 compared to INR 2.73 a year ago. Diluted loss per share from continuing operations was INR 3.24 compared to INR 2.73 a year ago.