Loyal Textile Mills 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 2,853.11 million compared to INR 4,670.12 million a year ago. Revenue was INR 2,911.85 million compared to INR 4,690.81 million a year ago. Net loss was INR 178.8 million compared to net income of INR 312.5 million a year ago. Basic loss per share from continuing operations was INR 37.14 compared to basic earnings per share from continuing operations of INR 64.88 a year ago. Diluted loss per share from continuing operations was INR 37.14 compared to diluted earnings per share from continuing operations of INR 64.88 a year ago.
For the nine months, sales was INR 10,732.12 million compared to INR 12,873.97 million a year ago. Revenue was INR 10,824.53 million compared to INR 12,899.79 million a year ago. Net income was INR 24.52 million compared to INR 784.62 million a year ago. Basic earnings per share from continuing operations was INR 5.09 compared to INR 162.9 a year ago. Diluted earnings per share from continuing operations was INR 5.09 compared to INR 162.9 a year ago.