Kothari Fermentation and Biochem 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 298.19 million compared to INR 246.24 million a year ago. Revenue was INR 298.25 million compared to INR 246.34 million a year ago. Net loss was INR 23.39 million compared to net income of INR 3.62 million a year ago. Basic loss per share from continuing operations was INR 1.56 compared to basic earnings per share from continuing operations of INR 0.24 a year ago. Diluted loss per share from continuing operations was INR 1.56 compared to diluted earnings per share from continuing operations of INR 0.24 a year ago.
For the nine months, sales was INR 779.76 million compared to INR 701.79 million a year ago. Revenue was INR 780.32 million compared to INR 702.26 million a year ago. Net loss was INR 38 million compared to net income of INR 11.49 million a year ago. Basic loss per share from continuing operations was INR 2.53 compared to basic earnings per share from continuing operations of INR 0.77 a year ago. Diluted loss per share from continuing operations was INR 2.53 compared to diluted earnings per share from continuing operations of INR 0.77 a year ago.