Sri Lakshmi Saraswathi Textiles (Arni) 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 358.73 million compared to INR 406.22 million a year ago. Revenue was INR 361.18 million compared to INR 406.35 million a year ago. Net loss was INR 64.66 million compared to net income of INR 9.51 million a year ago. Basic loss per share from continuing operations was INR 19.4 compared to basic earnings per share from continuing operations of INR 2.85 a year ago. Diluted loss per share from continuing operations was INR 19.4 compared to diluted earnings per share from continuing operations of INR 2.85 a year ago.
For the nine months, sales was INR 1,166.41 million compared to INR 1,085.53 million a year ago. Revenue was INR 1,170.15 million compared to INR 1,085.99 million a year ago. Net loss was INR 144.45 million compared to net income of INR 33.72 million a year ago. Basic loss per share from continuing operations was INR 43.34 compared to basic earnings per share from continuing operations of INR 10.12 a year ago. Diluted loss per share from continuing operations was INR 43.34 compared to diluted earnings per share from continuing operations of INR 10.12 a year ago.