Garware Marine 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 1.54 million compared to INR 3.48 million a year ago. Revenue was INR 2.04 million compared to INR 3.48 million a year ago. Net income was INR 0.181 million compared to INR 0.418 million a year ago. Basic earnings per share from continuing operations was INR 0.03 compared to INR 0.07 a year ago. Diluted earnings per share from continuing operations was INR 0.03 compared to INR 0.07 a year ago. Basic earnings per share was INR 0.03 compared to INR 0.07 a year ago. Diluted earnings per share was INR 0.03 compared to INR 0.07 a year ago.
For the nine months, sales was INR 5.12 million compared to INR 10.39 million a year ago. Revenue was INR 5.62 million compared to INR 10.39 million a year ago. Net loss was INR 0.02 million compared to net income of INR 1.74 million a year ago. Basic loss per share from continuing operations was INR 0.003 compared to basic earnings per share from continuing operations of INR 0.3 a year ago. Diluted loss per share from continuing operations was INR 0.003 compared to diluted earnings per share from continuing operations of INR 0.3 a year ago. Basic loss per share was INR 0.003 compared to basic earnings per share of INR 0.3 a year ago. Diluted loss per share was INR 0.003 compared to diluted earnings per share of INR 0.3 a year ago.