Madhav Marbles and Granites Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 113.71 million compared to INR 156.62 million a year ago. Revenue was INR 122.01 million compared to INR 164.18 million a year ago. Net loss was INR 15.82 million compared to net income of INR 2.26 million a year ago. Basic loss per share from continuing operations was INR 1.77 compared to basic earnings per share from continuing operations of INR 0.25 a year ago. Diluted loss per share from continuing operations was INR 1.77 compared to diluted earnings per share from continuing operations of INR 0.25 a year ago.
For the nine months, sales was INR 417.89 million compared to INR 447.51 million a year ago. Revenue was INR 444.42 million compared to INR 471.22 million a year ago. Net loss was INR 17.65 million compared to net income of INR 18.13 million a year ago. Basic loss per share from continuing operations was INR 1.97 compared to basic earnings per share from continuing operations of INR 2.03 a year ago. Diluted loss per share from continuing operations was INR 1.97 compared to diluted earnings per share from continuing operations of INR 2.03 a year ago.