Navkar Corporation 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 1,168.43 million compared to INR 993.86 million a year ago. Revenue was INR 1,210.68 million compared to INR 1,027.36 million a year ago. Net loss was INR 148.02 million compared to net income of INR 423.3 million a year ago. Basic loss per share from continuing operations was INR 0.5 compared to basic earnings per share from continuing operations of INR 2.81 a year ago. Diluted loss per share from continuing operations was INR 0.5 compared to diluted earnings per share from continuing operations of INR 2.81 a year ago.
For the nine months, sales was INR 3,169.48 million compared to INR 3,379.75 million a year ago. Revenue was INR 3,223.64 million compared to INR 3,432.71 million a year ago. Net loss was INR 89.66 million compared to net income of INR 891.43 million a year ago. Basic loss per share from continuing operations was INR 0.11 compared to basic earnings per share from continuing operations of INR 4.41 a year ago. Diluted loss per share from continuing operations was INR 0.11 compared to diluted earnings per share from continuing operations of INR 4.41 a year ago.