Websol Energy System 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 3.3 million compared to INR 496.6 million a year ago. Revenue was INR 9.2 million compared to INR 504.8 million a year ago. Net loss was INR 68.3 million compared to net income of INR 20.1 million a year ago. Basic loss per share from continuing operations was INR 1.79. Diluted loss per share from continuing operations was INR 1.79.
For the nine months, sales was INR 171.1 million compared to INR 1,506 million a year ago. Revenue was INR 189.8 million compared to INR 1,543.8 million a year ago. Net loss was INR 183.2 million compared to net income of INR 91.7 million a year ago. Basic loss per share from continuing operations was INR 4.93 compared to basic earnings per share from continuing operations of INR 2.78 a year ago. Diluted loss per share from continuing operations was INR 4.93 compared to diluted earnings per share from continuing operations of INR 2.78 a year ago.