Upsurge Investment & Finance Ltd. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 61.37 million compared to INR 84.62 million a year ago. Net loss was INR 8.69 million compared to net income of INR 21.66 million a year ago. Basic loss per share from continuing operations was INR 0.57 compared to basic earnings per share from continuing operations of INR 1.43 a year ago. Diluted loss per share from continuing operations was INR 0.57 compared to diluted earnings per share from continuing operations of INR 1.43 a year ago.
For the nine months, revenue was INR 275.38 million compared to INR 286.59 million a year ago. Net income was INR 33.03 million compared to INR 70.41 million a year ago. Basic earnings per share from continuing operations was INR 2.18 compared to INR 4.65 a year ago. Diluted earnings per share from continuing operations was INR 2.18 compared to INR 4.65 a year ago.