Sagar Cements 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 5,757.3 million compared to INR 3,336.5 million a year ago. Revenue was INR 5,900.2 million compared to INR 3,355.7 million a year ago. Net loss was INR 220.2 million compared to net income of INR 104.9 million a year ago. Basic loss per share from continuing operations was INR 2.08 compared to basic earnings per share from continuing operations of INR 0.83 a year ago.
For the nine months, sales was INR 16,080 million compared to INR 10,951.5 million a year ago. Revenue was INR 16,496.6 million compared to INR 11,044 million a year ago. Net loss was INR 714.9 million compared to net income of INR 806.6 million a year ago. Basic loss per share from continuing operations was INR 6.94 compared to basic earnings per share from continuing operations of INR 6.66 a year ago.