Timex Group India Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 653.2 million compared to INR 533.5 million a year ago. Revenue was INR 656.2 million compared to INR 535.4 million a year ago. Net loss was INR 51 million compared to net income of INR 40 million a year ago. Basic loss per share from continuing operations was INR 0.68 compared to basic earnings per share from continuing operations of INR 0.18 a year ago. Diluted loss per share from continuing operations was INR 0.68 compared to diluted earnings per share from continuing operations of INR 0.18 a year ago.
For the nine months, sales was INR 1,853.7 million compared to INR 900 million a year ago. Revenue was INR 1,857.3 million compared to INR 909.1 million a year ago. Net income was INR 9.7 million compared to net loss of INR 119.9 million a year ago. Basic loss per share from continuing operations was INR 0.43 compared to INR 1.82 a year ago. Diluted loss per share from continuing operations was INR 0.43 compared to INR 1.82 a year ago.