Morarjee Textiles 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 591.2 million compared to INR 773.5 million a year ago. Revenue was INR 595 million compared to INR 774.2 million a year ago. Net loss was INR 386.3 million compared to INR 198.3 million a year ago. Basic loss per share from continuing operations was INR 10.63 compared to INR 5.46 a year ago.
For the nine months, sales was INR 1,556.2 million compared to INR 1,925 million a year ago. Revenue was INR 1,566.5 million compared to INR 1,936.2 million a year ago. Net loss was INR 1,176.9 million compared to INR 644.4 million a year ago. Basic loss per share from continuing operations was INR 32.39 compared to INR 17.74 a year ago.