Stanpacks (India) 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 67.33 million compared to INR 95.82 million a year ago. Revenue was INR 67.33 million compared to INR 95.84 million a year ago. Net income was INR 0.15 million compared to INR 0.205 million a year ago. Basic earnings per share from continuing operations was INR 0.02 compared to INR 0.03 a year ago.
For the nine months, sales was INR 223.38 million compared to INR 295.09 million a year ago. Revenue was INR 223.49 million compared to INR 295.14 million a year ago. Net loss was INR 16.03 million compared to net income of INR 1.37 million a year ago. Basic loss per share from continuing operations was INR 2.62 compared to basic earnings per share from continuing operations of INR 0.23 a year ago.