The South India Paper 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 630.79 million compared to INR 847.89 million a year ago. Revenue was INR 631.75 million compared to INR 850.84 million a year ago. Net income was INR 1.44 million compared to INR 41.77 million a year ago. Basic earnings per share from continuing operations was INR 0.1 compared to INR 2.78 a year ago. Diluted earnings per share from continuing operations was INR 0.1 compared to INR 2.78 a year ago.
For the nine months, sales was INR 2,187.89 million compared to INR 2,288.5 million a year ago. Revenue was INR 2,190.64 million compared to INR 2,293.01 million a year ago. Net loss was INR 63.69 million compared to net income of INR 171.82 million a year ago. Basic loss per share from continuing operations was INR 4.25 compared to basic earnings per share from continuing operations of INR 11.45 a year ago. Diluted loss per share from continuing operations was INR 4.25 compared to diluted earnings per share from continuing operations of INR 11.45 a year ago.