Swadeshi Industries & Leasing Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was INR 0.3 million compared to INR 0.563 million a year ago. Net income was INR 0.053 million compared to net loss of INR 0.174 million a year ago. Basic earnings per share from continuing operations was INR 0.005 compared to basic loss per share from continuing operations of INR 0.016 a year ago. Diluted earnings per share from continuing operations was INR 0.005 compared to diluted loss per share from continuing operations of INR 0.016 a year ago.
For the nine months, negative sales was INR 0.161 million compared to sales of INR 1.33 million a year ago. Revenue was INR 0.456 million compared to INR 1.6 million a year ago. Net loss was INR 0.811 million compared to INR 3.32 million a year ago. Basic loss per share from continuing operations was INR 0.075 compared to INR 0.307 a year ago. Diluted loss per share from continuing operations was INR 0.075 compared to INR 0.307 a year ago.