Bengal Tea & Fabrics 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 166.6 million compared to INR 210.2 million a year ago. Revenue was INR 172.9 million compared to INR 209.3 million a year ago. Net loss was INR 19.5 million compared to net income of INR 18.2 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 4.44 a year ago. Basic loss per share was INR 2.16 compared to basic earnings per share of INR 2.02 a year ago.
For the nine months, sales was INR 459 million compared to INR 523.7 million a year ago. Revenue was INR 472.9 million compared to INR 526.9 million a year ago. Net income was INR 56 million compared to INR 61.4 million a year ago. Basic earnings per share from continuing operations was INR 6.25 compared to INR 14.31 a year ago. Basic earnings per share was INR 6.22 compared to INR 6.81 a year ago.