Muzali Arts 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 1.15 million. Revenue was INR 1.2 million compared to INR 0.875 million a year ago. Net income was INR 0.648 million compared to net loss of INR 10.75 million a year ago. Basic earnings per share from continuing operations was INR 0.01 compared to basic loss per share from continuing operations of INR 0.2 a year ago. Diluted earnings per share from continuing operations was INR 0.01 compared to diluted loss per share from continuing operations of INR 0.2 a year ago.
For the nine months, sales was INR 1.6 million compared to INR 24.28 million a year ago. Revenue was INR 4.54 million compared to INR 27.29 million a year ago. Net loss was INR 1.46 million compared to INR 39.25 million a year ago. Basic loss per share from continuing operations was INR 0.02 compared to INR 0.74 a year ago. Diluted loss per share from continuing operations was INR 0.02 compared to INR 0.74 a year ago.