Remi Edelstahl Tubulars 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 283.51 million compared to INR 250.49 million a year ago. Revenue was INR 284.88 million compared to INR 253.36 million a year ago. Net income was INR 0.627 million compared to net loss of INR 3.88 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to basic loss per share from continuing operations of INR 0.35 a year ago. Diluted earnings per share from continuing operations was INR 0.06 compared to diluted loss per share from continuing operations of INR 0.35 a year ago.
For the nine months, sales was INR 768.01 million compared to INR 962.45 million a year ago. Revenue was INR 771.98 million compared to INR 967.8 million a year ago. Net loss was INR 1.84 million compared to INR 2.09 million a year ago. Basic loss per share from continuing operations was INR 0.17 compared to INR 0.19 a year ago. Diluted loss per share from continuing operations was INR 0.17 compared to INR 0.19 a year ago.