Sambandam Spinning Mills 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 565.17 million compared to INR 1,008.4 million a year ago. Revenue was INR 565.51 million compared to INR 1,010.44 million a year ago. Net loss was INR 72.77 million compared to net income of INR 70.65 million a year ago. Basic loss per share from continuing operations was INR 17.06 compared to basic earnings per share from continuing operations of INR 16.56 a year ago.
For the nine months, sales was INR 2,132.72 million compared to INR 2,581.03 million a year ago. Revenue was INR 2,141.42 million compared to INR 2,584.65 million a year ago. Net loss was INR 111.23 million compared to net income of INR 203.18 million a year ago. Basic loss per share from continuing operations was INR 26.08 compared to basic earnings per share from continuing operations of INR 47.64 a year ago.