Kandagiri Spinning Mills Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 0.274 million compared to INR 13.93 million a year ago. Net loss was INR 10.51 million compared to net income of INR 7.84 million a year ago. Basic loss per share from continuing operations was INR 2.72 compared to basic earnings per share from continuing operations of INR 2.03 a year ago.
For the nine months, revenue was INR 14.71 million compared to INR 23.3 million a year ago. Net loss was INR 8.71 million compared to net income of INR 9.6 million a year ago. Basic loss per share from continuing operations was INR 2.26 compared to basic earnings per share from continuing operations of INR 2.49 a year ago.