Nahar Spinning 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 7,578.74 million compared to INR 5,544.13 million a year ago. Revenue was INR 7,599.7 million compared to INR 5,615.89 million a year ago. Net loss was INR 152.07 million compared to INR 110.16 million a year ago. Basic loss per share from continuing operations was INR 4.22 compared to INR 3.05 a year ago. Diluted loss per share from continuing operations was INR 4.22 compared to INR 3.05 a year ago.
For the nine months, sales was INR 22,345.92 million compared to INR 20,731.7 million a year ago. Revenue was INR 22,446.64 million compared to INR 21,082 million a year ago. Net loss was INR 507.11 million compared to net income of INR 1,010 million a year ago. Basic loss per share from continuing operations was INR 14.06 compared to basic earnings per share from continuing operations of INR 28 a year ago. Diluted loss per share from continuing operations was INR 14.06 compared to diluted earnings per share from continuing operations of INR 28 a year ago.