Rasandik Engineering Industries India 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 268.41 million compared to INR 537.35 million a year ago. Revenue was INR 269.6 million compared to INR 537.39 million a year ago. Net loss was INR 27.91 million compared to INR 11.05 million a year ago. Basic loss per share from continuing operations was INR 4.67 compared to INR 1.85 a year ago.
For the nine months, sales was INR 1,232.69 million compared to INR 1,493.53 million a year ago. Revenue was INR 1,281.42 million compared to INR 1,496.97 million a year ago. Net income was INR 3.38 million compared to net loss of INR 27.36 million a year ago. Basic earnings per share from continuing operations was INR 0.57 compared to basic loss per share from continuing operations of INR 4.58 a year ago.