The South India Paper Mills Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 719.14 million compared to INR 630.79 million a year ago. Revenue was INR 721.96 million compared to INR 631.75 million a year ago. Net loss was INR 31.85 million compared to net income of INR 1.44 million a year ago. Basic loss per share from continuing operations was INR 1.7 compared to basic earnings per share from continuing operations of INR 0.1 a year ago. Diluted loss per share from continuing operations was INR 1.7 compared to diluted earnings per share from continuing operations of INR 0.1 a year ago.
For the nine months, sales was INR 2,216.47 million compared to INR 2,187.89 million a year ago. Revenue was INR 2,225.25 million compared to INR 2,190.64 million a year ago. Net loss was INR 107 million compared to INR 63.69 million a year ago. Basic loss per share from continuing operations was INR 5.71 compared to INR 4.25 a year ago. Diluted loss per share from continuing operations was INR 5.71 compared to INR 4.25 a year ago.