Deepak Spinners 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 1,161.1 million compared to INR 1,400.4 million a year ago. Revenue was INR 1,166.6 million compared to INR 1,405.6 million a year ago. Net loss was INR 5.1 million compared to net income of INR 85.6 million a year ago. Basic loss per share from continuing operations was INR 0.71 compared to basic earnings per share from continuing operations of INR 11.91 a year ago.
For the nine months, sales was INR 3,623 million compared to INR 4,534.5 million a year ago. Revenue was INR 3,642.5 million compared to INR 4,547.8 million a year ago. Net income was INR 42.3 million compared to INR 341.1 million a year ago. Basic earnings per share from continuing operations was INR 5.88 compared to INR 47.44 a year ago.