Panyam Cements and Mineral Industries 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 463.35 million compared to INR 148.76 million a year ago. Revenue was INR 511.67 million compared to INR 149.24 million a year ago. Net loss was INR 151.78 million compared to INR 134.47 million a year ago. Basic loss per share from continuing operations was INR 18.92 compared to INR 335.28 a year ago. Diluted loss per share from continuing operations was INR 18.92.
For the nine months, sales was INR 808.06 million compared to INR 361.58 million a year ago. Revenue was INR 903.85 million compared to INR 362.24 million a year ago. Net loss was INR 395.26 million compared to INR 275.06 million a year ago. Basic loss per share from continuing operations was INR 49.28 compared to INR 685.81 a year ago. Diluted loss per share from continuing operations was INR 49.28.