Sheshadri 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 38.79 million compared to INR 58.41 million a year ago. Revenue was INR 40.62 million compared to INR 58.5 million a year ago. Net loss was INR 17.94 million compared to net income of INR 5.99 million a year ago. Basic loss per share from continuing operations was INR 3.62 compared to basic earnings per share from continuing operations of INR 1.21 a year ago. Diluted loss per share from continuing operations was INR 3.62 compared to diluted earnings per share from continuing operations of INR 1.21 a year ago.
For the nine months, sales was INR 191.75 million compared to INR 262.98 million a year ago. Revenue was INR 194.22 million compared to INR 264.32 million a year ago. Net loss was INR 21.98 million compared to net income of INR 84.91 million a year ago. Basic loss per share from continuing operations was INR 4.43 compared to basic earnings per share from continuing operations of INR 17.12 a year ago. Diluted loss per share from continuing operations was INR 4.43 compared to diluted earnings per share from continuing operations of INR 17.12 a year ago.