Remi Edelstahl Tubulars 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 250.49 million compared to INR 268.92 million a year ago. Revenue was INR 253.36 million compared to INR 268.98 million a year ago. Net loss was INR 3.88 million compared to net income of INR 3.66 million a year ago. Basic loss per share from continuing operations was INR 0.35 compared to basic earnings per share from continuing operations of INR 0.33 a year ago. Diluted loss per share from continuing operations was INR 0.35 compared to diluted earnings per share from continuing operations of INR 0.33 a year ago.
For the nine months, sales was INR 962.45 million compared to INR 619.93 million a year ago. Revenue was INR 967.8 million compared to INR 624.15 million a year ago. Net loss was INR 2.09 million compared to net income of INR 5.42 million a year ago. Basic loss per share from continuing operations was INR 0.19 compared to basic earnings per share from continuing operations of INR 0.49 a year ago. Diluted loss per share from continuing operations was INR 0.19 compared to diluted earnings per share from continuing operations of INR 0.49 a year ago.