Mercantile Ventures Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 176.68 million compared to INR 150.72 million a year ago. Net loss was INR 50.69 million compared to net income of INR 24.47 million a year ago. Basic loss per share from continuing operations was INR 0.4 compared to basic earnings per share from continuing operations of INR 0.22 a year ago. Diluted loss per share from continuing operations was INR 0.4 compared to diluted earnings per share from continuing operations of INR 0.22 a year ago.
For the nine months, revenue was INR 484.24 million compared to INR 395.93 million a year ago. Net loss was INR 67.39 million compared to net income of INR 64.56 million a year ago. Basic loss per share from continuing operations was INR 0.93 compared to basic earnings per share from continuing operations of INR 0.52 a year ago. Diluted loss per share from continuing operations was INR 0.93 compared to diluted earnings per share from continuing operations of INR 0.52 a year ago.