IFB Agro Industries 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 3,607.7 million compared to INR 3,536.6 million a year ago. Revenue was INR 3,641.2 million compared to INR 3,637.4 million a year ago. Net loss was INR 50.5 million compared to net income of INR 81.7 million a year ago. Basic loss per share from continuing operations was INR 5.39 compared to basic earnings per share from continuing operations of INR 8.72 a year ago. Diluted loss per share from continuing operations was INR 5.39 compared to diluted earnings per share from continuing operations of INR 8.72 a year ago.
For the nine months, sales was INR 10,484.9 million compared to INR 12,451.5 million a year ago. Revenue was INR 10,596.5 million compared to INR 12,630.4 million a year ago. Net loss was INR 52.5 million compared to net income of INR 389.7 million a year ago. Basic loss per share from continuing operations was INR 5.6 compared to basic earnings per share from continuing operations of INR 41.6 a year ago. Diluted loss per share from continuing operations was INR 5.6 compared to diluted earnings per share from continuing operations of INR 41.6 a year ago.