Aarvee Denims and Exports Ltd. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 475.16 million compared to INR 1,141.39 million a year ago. Revenue was INR 477.27 million compared to INR 1,193.23 million a year ago. Net loss was INR 222.05 million compared to INR 140.29 million a year ago. Basic loss per share from continuing operations was INR 9.47 compared to INR 5.35 a year ago. Basic loss per share was INR 9.47 compared to INR 5.98 a year ago.
For the nine months, sales was INR 2,092.25 million compared to INR 2,990.63 million a year ago. Revenue was INR 2,135.91 million compared to INR 3,128.43 million a year ago. Net loss was INR 496.06 million compared to INR 292.46 million a year ago. Basic loss per share from continuing operations was INR 22.96 compared to INR 15.25 a year ago. Basic loss per share was INR 21.15 compared to INR 12.47 a year ago.