Shervani Industrial Syndicate 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 13.9 million compared to INR 113.1 million a year ago. Revenue was INR 16.1 million compared to INR 120.2 million a year ago. Net loss was INR 8.8 million compared to net income of INR 26.8 million a year ago. Basic loss per share from continuing operations was INR 3.24 compared to basic earnings per share from continuing operations of INR 9.85 a year ago.
For the nine months, sales was INR 50.3 million compared to INR 227.6 million a year ago. Revenue was INR 57.2 million compared to INR 239.1 million a year ago. Net loss was INR 27.9 million compared to net income of INR 30.5 million a year ago. Basic loss per share from continuing operations was INR 10.26 compared to basic earnings per share from continuing operations of INR 11.21 a year ago.