Raj Rayon Industries 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 260.06 million compared to INR 0.55 million a year ago. Revenue was INR 262.95 million compared to INR 0.55 million a year ago. Net loss was INR 22.89 million compared to net income of INR 6,727.11 million a year ago. Basic loss per share from continuing operations was INR 0.04 compared to basic earnings per share from continuing operations of INR 19.42 a year ago. Diluted loss per share from continuing operations was INR 0.03 compared to diluted earnings per share from continuing operations of INR 19.42 a year ago.
For the nine months, sales was INR 265.72 million compared to INR 0.55 million a year ago. Revenue was INR 272.99 million compared to INR 0.554 million a year ago. Net loss was INR 95.11 million compared to net income of INR 6,552.81 million a year ago. Basic loss per share from continuing operations was INR 0.17 compared to basic earnings per share from continuing operations of INR 18.91 a year ago. Diluted loss per share from continuing operations was INR 0.12 compared to diluted earnings per share from continuing operations of INR 18.91 a year ago.