Sathavahana Ispat 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 150.22 million compared to INR 73.97 million a year ago. Revenue was INR 150.61 million compared to INR 80.35 million a year ago. Net loss was INR 91.86 million compared to INR 867.03 million a year ago. Basic loss per share from continuing operations was INR 1.8 compared to INR 17.03 a year ago. Diluted loss per share from continuing operations was INR 1.8 compared to INR 17.03 a year ago.
For the nine months, sales was INR 155.37 million compared to INR 250.49 million a year ago. Revenue was INR 156.08 million compared to INR 287.63 million a year ago. Net loss was INR 325.96 million compared to INR 2,391.79 million a year ago. Basic loss per share from continuing operations was INR 6.4 compared to INR 46.99 a year ago. Diluted loss per share from continuing operations was INR 6.4 compared to INR 46.99 a year ago.