GTN Industries 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 425.4 million compared to INR 1,422.7 million a year ago. Revenue was INR 428.2 million compared to INR 1,425.1 million a year ago. Net loss was INR 22.2 million compared to net income of INR 135.9 million a year ago. Basic loss per share from continuing operations was INR 1.27 compared to basic earnings per share from continuing operations of INR 7.75 a year ago.
For the nine months, sales was INR 2,700.8 million compared to INR 3,527.2 million a year ago. Revenue was INR 2,714.1 million compared to INR 3,532.9 million a year ago. Net income was INR 168.8 million compared to INR 139.8 million a year ago. Basic earnings per share from continuing operations was INR 9.62 compared to INR 7.97 a year ago.