Indus Towers 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 67,650 million compared to INR 69,274 million a year ago. Revenue was INR 68,548 million compared to INR 70,213 million a year ago. Net loss was INR 7,082 million compared to net income of INR 15,708 million a year ago. Basic loss per share from continuing operations was INR 2.63 compared to basic earnings per share from continuing operations of INR 5.83 a year ago. Diluted loss per share from continuing operations was INR 2.63 compared to diluted earnings per share from continuing operations of INR 5.83 a year ago.
For the nine months, sales was INR 216,289 million compared to INR 206,009 million a year ago. Revenue was INR 218,741 million compared to INR 208,444 million a year ago. Net income was INR 6,409 million compared to INR 45,446 million a year ago. Basic earnings per share from continuing operations was INR 2.38 compared to INR 16.87 a year ago. Diluted earnings per share from continuing operations was INR 2.38 compared to INR 16.87 a year ago.