Pan Electronics (India) 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 7.26 million. Revenue was INR 7.7 million compared to INR 56.06 million a year ago. Net loss was INR 8.2 million compared to net income of INR 47.21 million a year ago. Basic loss per share from continuing operations was INR 2.05 compared to basic earnings per share from continuing operations of INR 11.8 a year ago. Diluted loss per share from continuing operations was INR 2.05 compared to diluted earnings per share from continuing operations of INR 11.8 a year ago.
For the nine months, sales was INR 11.33 million. Revenue was INR 11.87 million compared to INR 56.06 million a year ago. Net loss was INR 27.89 million compared to net income of INR 39.69 million a year ago. Basic loss per share from continuing operations was INR 6.97 compared to basic earnings per share from continuing operations of INR 9.92 a year ago. Diluted loss per share from continuing operations was INR 6.97 compared to diluted earnings per share from continuing operations of INR 9.92 a year ago.