Shantai Industries Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 10.064 million compared to INR 1.693 million a year ago. Operating loss was INR 5.113 million compared to operating Income of INR 662,000 a year ago. Net loss was INR 5.527 million compared to net income of INR 662,000 a year ago. Basic loss per share was INR 3.68 compared to basic earnings per share of INR 0.44 a year ago. For the nine months, total revenue was INR 103.302 million compared to INR 33.601 million a year ago. Operating loss was INR 1.617 million compared to operating Income of INR 3.454 million a year ago. Net loss was INR 2.105 million compared to net income of INR 3.697 million a year ago. Basic loss per share was INR 1.4 compared to basic earnings per share of INR 2.46 a year ago.