Surat Textile Mills 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 11.97 million compared to INR 429.56 million a year ago. Revenue was INR 20.77 million compared to INR 444.83 million a year ago. Net loss was INR 7.92 million compared to net income of INR 56.2 million a year ago. Basic loss per share from continuing operations was INR 0.04 compared to basic earnings per share from continuing operations of INR 0.25 a year ago.
For the nine months, sales was INR 168.74 million compared to INR 736.32 million a year ago. Revenue was INR 213.35 million compared to INR 778.37 million a year ago. Net loss was INR 48.36 million compared to net income of INR 68.54 million a year ago. Basic loss per share from continuing operations was INR 0.22 compared to basic earnings per share from continuing operations of INR 0.31 a year ago.