Modern Engineering and Projects 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 0.904 million compared to INR 3.44 million a year ago. Revenue was INR 0.909 million compared to INR 3.72 million a year ago. Net loss was INR 8.83 million compared to INR 6.4 million a year ago. Basic loss per share from continuing operations was INR 2.86 compared to INR 2.07 a year ago.
For the nine months, sales was INR 16.46 million compared to INR 8.09 million a year ago. Revenue was INR 16.83 million compared to INR 8.44 million a year ago. Net loss was INR 17.71 million compared to INR 21.56 million a year ago. Basic loss per share from continuing operations was INR 5.73 compared to INR 6.98 a year ago.