Girnar Spintex Industries 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 128.3 million compared to INR 501.13 million a year ago. Revenue was INR 128.35 million compared to INR 503.14 million a year ago. Net loss was INR 23.38 million compared to net income of INR 50.84 million a year ago. Basic loss per share from continuing operations was INR 8.52 compared to basic earnings per share from continuing operations of INR 18.52 a year ago.
For the nine months, sales was INR 486.31 million compared to INR 846.07 million a year ago. Revenue was INR 486.4 million compared to INR 853.32 million a year ago. Net loss was INR 52.51 million compared to net income of INR 92.05 million a year ago. Basic loss per share from continuing operations was INR 19.13 compared to basic earnings per share from continuing operations of INR 33.54 a year ago.