Mahanagar Telephone Nigam 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 2,274.1 million compared to INR 3,035.6 million a year ago. Revenue was INR 3,542.8 million compared to INR 4,163.2 million a year ago. Net loss was INR 7,755 million compared to INR 6,592.8 million a year ago. Basic loss per share from continuing operations was INR 12.31 compared to INR 10.46 a year ago. Diluted loss per share from continuing operations was INR 12.31 compared to INR 10.46 a year ago.
For the nine months, sales was INR 7,160.5 million compared to INR 9,104.5 million a year ago. Revenue was INR 11,301.8 million compared to INR 12,580.4 million a year ago. Net loss was INR 21,665.6 million compared to INR 20,025.3 million a year ago. Basic loss per share from continuing operations was INR 34.39 compared to INR 31.79 a year ago. Diluted loss per share from continuing operations was INR 34.39 compared to INR 31.79 a year ago.