Oil Country Tubular 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 59.79 million compared to INR 1.22 million a year ago. Revenue was INR 60.66 million compared to INR 18.12 million a year ago. Net loss was INR 161.48 million compared to INR 78.67 million a year ago. Basic loss per share from continuing operations was INR 3.65 compared to INR 1.78 a year ago. Diluted loss per share from continuing operations was INR 3.65 compared to INR 1.78 a year ago.
For the nine months, sales was INR 69.46 million compared to INR 1.22 million a year ago. Revenue was INR 74.89 million compared to INR 1,409.58 million a year ago. Net loss was INR 496.98 million compared to net income of INR 1,185.22 million a year ago. Basic loss per share from continuing operations was INR 11.22 compared to basic earnings per share from continuing operations of INR 26.76 a year ago. Diluted loss per share from continuing operations was INR 11.22 compared to diluted earnings per share from continuing operations of INR 26.76 a year ago.