Rasandik Engineering Industries India 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 178.83 million compared to INR 268.41 million a year ago. Revenue was INR 178.85 million compared to INR 269.6 million a year ago. Net loss was INR 63.52 million compared to INR 27.91 million a year ago. Basic loss per share from continuing operations was INR 10.63 compared to INR 4.67 a year ago. Diluted loss per share from continuing operations was INR 10.63 compared to INR 4.67 a year ago.
For the nine months, sales was INR 672.9 million compared to INR 1,232.69 million a year ago. Revenue was INR 787.25 million compared to INR 1,281.42 million a year ago. Net loss was INR 56.06 million compared to net income of INR 3.38 million a year ago. Basic loss per share from continuing operations was INR 9.38 compared to basic earnings per share from continuing operations of INR 0.57 a year ago. Diluted loss per share from continuing operations was INR 9.38 compared to diluted earnings per share from continuing operations of INR 0.57 a year ago.