Organic Coatings 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 49.67 million compared to INR 64.3 million a year ago. Revenue was INR 49.9 million compared to INR 64.43 million a year ago. Net loss was INR 3.32 million compared to INR 3.98 million a year ago. Basic loss per share from continuing operations was INR 0.43 compared to INR 0.52 a year ago. Diluted loss per share from continuing operations was INR 0.43 compared to INR 0.52 a year ago.
For the nine months, sales was INR 169.69 million compared to INR 151.66 million a year ago. Revenue was INR 171.18 million compared to INR 152.42 million a year ago. Net loss was INR 9.91 million compared to INR 17.99 million a year ago. Basic loss per share from continuing operations was INR 1.29 compared to INR 2.34 a year ago. Diluted loss per share from continuing operations was INR 1.29 compared to INR 2.34 a year ago.