Madhusudan Industries 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 3.06 million compared to INR 2.91 million a year ago. Negative revenue was INR 2.23 million compared to revenue of INR 0.636 million a year ago. Net loss was INR 4.54 million compared to INR 0.81 million a year ago. Basic loss per share from continuing operations was INR 0.84 compared to INR 0.15 a year ago. Diluted loss per share from continuing operations was INR 0.84 compared to INR 0.15 a year ago.
For the nine months, sales was INR 9.07 million compared to INR 8.64 million a year ago. Revenue was INR 54.22 million compared to INR 19.23 million a year ago. Net income was INR 34.45 million compared to INR 8.19 million a year ago. Basic earnings per share from continuing operations was INR 6.41 compared to INR 1.52 a year ago. Diluted earnings per share from continuing operations was INR 6.41 compared to INR 1.52 a year ago.