Salem Erode Investments 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 10.82 million compared to INR 6.25 million a year ago. Revenue was INR 10.87 million compared to INR 6.3 million a year ago. Net loss was INR 0.558 million compared to net income of INR 1.92 million a year ago. Basic loss per share from continuing operations was INR 0.05 compared to basic earnings per share from continuing operations of INR 0.17 a year ago. Diluted loss per share from continuing operations was INR 0.05 compared to diluted earnings per share from continuing operations of INR 0.17 a year ago.
For the nine months, sales was INR 30.86 million compared to INR 20.89 million a year ago. Revenue was INR 30.99 million compared to INR 21.01 million a year ago. Net loss was INR 0.006 million compared to net income of INR 8 million a year ago.