Aarvee Denims and Exports Ltd. reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 1,141.39 million compared to INR 845.69 million a year ago. Revenue was INR 1,193.23 million compared to INR 859.05 million a year ago. Net loss was INR 140.29 million compared to INR 56.75 million a year ago. Basic loss per share from continuing operations was INR 5.35 compared to INR 4.28 a year ago. Basic loss per share was INR 5.98 compared to INR 2.42 a year ago.
For the nine months, sales was INR 2,990.63 million compared to INR 1,275.75 million a year ago. Revenue was INR 3,128.43 million compared to INR 1,347.45 million a year ago. Net loss was INR 292.46 million compared to INR 422.8 million a year ago. Basic loss per share from continuing operations was INR 15.25 compared to INR 19.52 a year ago. Basic loss per share was INR 12.47 compared to INR 18.02 a year ago.