Commercial Syn Bags 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 710.71 million compared to INR 648.56 million a year ago. Revenue was INR 713.13 million compared to INR 655.05 million a year ago. Net loss was INR 2.51 million compared to net income of INR 15.19 million a year ago. Basic loss per share from continuing operations was INR 0.06 compared to basic earnings per share from continuing operations of INR 0.39 a year ago. Diluted loss per share from continuing operations was INR 0.06 compared to diluted earnings per share from continuing operations of INR 0.39 a year ago.
For the nine months, sales was INR 2,188.07 million compared to INR 2,295.82 million a year ago. Revenue was INR 2,198.75 million compared to INR 2,310.68 million a year ago. Net income was INR 46.43 million compared to INR 57.01 million a year ago. Basic earnings per share from continuing operations was INR 1.16 compared to INR 1.48 a year ago. Diluted earnings per share from continuing operations was INR 1.16 compared to INR 1.48 a year ago.