Royal India Corporation 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 98.56 million compared to INR 294.93 million a year ago. Revenue was INR 101.78 million compared to INR 296.46 million a year ago. Net loss was INR 37.44 million compared to net income of INR 49.43 million a year ago. Basic loss per share from continuing operations was INR 1.62 compared to basic earnings per share from continuing operations of INR 2.14 a year ago. Diluted loss per share from continuing operations was INR 1.62 compared to diluted earnings per share from continuing operations of INR 2.14 a year ago.
For the nine months, sales was INR 288.42 million compared to INR 295.56 million a year ago. Revenue was INR 299.81 million compared to INR 299.14 million a year ago. Net loss was INR 56.48 million compared to INR 26.72 million a year ago. Basic loss per share from continuing operations was INR 2.45 compared to INR 1.16 a year ago. Diluted loss per share from continuing operations was INR 2.45 compared to INR 1.16 a year ago.