The Lakshmi Mills Company 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 448.52 million compared to INR 797.52 million a year ago. Revenue was INR 453.99 million compared to INR 802.42 million a year ago. Net loss was INR 39.17 million compared to net income of INR 65.11 million a year ago. Basic loss per share from continuing operations was INR 56.31 compared to basic earnings per share from continuing operations of INR 93.6 a year ago. Diluted loss per share from continuing operations was INR 56.31 compared to diluted earnings per share from continuing operations of INR 93.6 a year ago.
For the nine months, sales was INR 1,950.72 million compared to INR 2,439.94 million a year ago. Revenue was INR 1,989.21 million compared to INR 2,457.4 million a year ago. Net loss was INR 13.32 million compared to net income of INR 193.13 million a year ago. Basic loss per share from continuing operations was INR 19.15 compared to basic earnings per share from continuing operations of INR 277.66 a year ago. Diluted loss per share from continuing operations was INR 19.15 compared to diluted earnings per share from continuing operations of INR 277.66 a year ago.