Precision Electronics 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 72.7 million compared to INR 152.8 million a year ago. Revenue was INR 74.3 million compared to INR 154.6 million a year ago. Net loss was INR 15.3 million compared to net income of INR 10.2 million a year ago. Basic loss per share from continuing operations was INR 1.1 compared to basic earnings per share from continuing operations of INR 0.74 a year ago.
For the nine months, sales was INR 258.7 million compared to INR 258.8 million a year ago. Revenue was INR 264 million compared to INR 287.8 million a year ago. Net loss was INR 3.1 million compared to INR 12 million a year ago. Basic loss per share from continuing operations was INR 0.23 compared to INR 0.87 a year ago.