G. G. Dandekar Machine Works Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 9.15 million compared to INR 2.19 million a year ago. Revenue was INR 9.55 million compared to INR 195.03 million a year ago. Net loss was INR 4.59 million compared to net income of INR 149.75 million a year ago. Basic loss per share from continuing operations was INR 0.96 compared to basic earnings per share from continuing operations of INR 31.45 a year ago.
For the nine months, sales was INR 17.49 million compared to INR 12.71 million a year ago. Revenue was INR 21.49 million compared to INR 208.38 million a year ago. Net loss was INR 4.4 million compared to net income of INR 139.18 million a year ago. Basic loss per share from continuing operations was INR 0.92 compared to basic earnings per share from continuing operations of INR 29.23 a year ago.