Welspun Specialty Solutions 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 1,111.8 million compared to INR 397.1 million a year ago. Revenue was INR 1,126.8 million compared to INR 409.6 million a year ago. Net loss was INR 31.2 million compared to INR 95 million a year ago. Basic loss per share from continuing operations was INR 0.06 compared to INR 0.18 a year ago. Diluted loss per share from continuing operations was INR 0.06 compared to INR 0.18 a year ago.
For the nine months, sales was INR 2,800.3 million compared to INR 788.5 million a year ago. Revenue was INR 2,918.1 million compared to INR 801.8 million a year ago. Net loss was INR 217.9 million compared to INR 344.1 million a year ago. Basic loss per share from continuing operations was INR 0.41 compared to INR 0.65 a year ago. Diluted loss per share from continuing operations was INR 0.41 compared to INR 0.65 a year ago.