Sterlite Technologies 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 13,220 million compared to INR 18,830 million a year ago. Revenue was INR 13,410 million compared to INR 18,920 million a year ago. Net loss was INR 570 million compared to net income of INR 510 million a year ago. Basic loss per share from continuing operations was INR 1.24 compared to basic earnings per share from continuing operations of INR 1.93 a year ago. Diluted loss per share from continuing operations was INR 1.24 compared to diluted earnings per share from continuing operations of INR 1.92 a year ago. Basic loss per share was INR 1.43 compared to basic earnings per share of INR 1.28 a year ago. Diluted loss per share was INR 1.43 compared to diluted earnings per share of INR 1.27 a year ago.
For the nine months, sales was INR 43,380 million compared to INR 50,540 million a year ago. Revenue was INR 43,800 million compared to INR 50,700 million a year ago. Net income was INR 300 million compared to INR 740 million a year ago. Basic earnings per share from continuing operations was INR 0.62 compared to INR 4.04 a year ago. Diluted earnings per share from continuing operations was INR 0.61 compared to INR 4.01 a year ago. Basic earnings per share was INR 0.77 compared to INR 1.82 a year ago. Diluted earnings per share was INR 0.77 compared to INR 1.8 a year ago.