Standard Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 52.85 million compared to INR 37.04 million a year ago. Revenue was INR 69.76 million compared to INR 349.23 million a year ago. Net loss was INR 26.28 million compared to net income of INR 227.1 million a year ago. Basic loss per share from continuing operations was INR 0.41 compared to basic earnings per share from continuing operations of INR 3.53 a year ago. Diluted loss per share from continuing operations was INR 0.41 compared to diluted earnings per share from continuing operations of INR 3.53 a year ago.
For the nine months, sales was INR 200 million compared to INR 161.15 million a year ago. Revenue was INR 231.28 million compared to INR 603.96 million a year ago. Net loss was INR 101.2 million compared to net income of INR 272.65 million a year ago. Basic loss per share from continuing operations was INR 1.57 compared to basic earnings per share from continuing operations of INR 4.24 a year ago. Diluted loss per share from continuing operations was INR 1.57 compared to diluted earnings per share from continuing operations of INR 4.24 a year ago.