Facor Steels Ltd. reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2015. For the quarter, the company reported net sales/income from operations of INR 7.998 million against INR 87.808 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 21.087 million against INR 45.953 million for the same period last year. Loss from ordinary activities before tax was INR 24.083 million against INR 67.758 million for the same period last year. Net loss for the period was INR 24.083 million or INR 0.12 per basic and diluted against INR 67.755 million or INR 0.33 per basic and diluted for the same period last year.

For the six months, the company reported net sales//income from operations of INR 10.223 million against INR 294.420 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 49.710 million against INR 129.174 million for the same period last year. Loss from ordinary activities before tax was INR 71.604 million against INR 170.396 million for the same period last year. Net loss for the period was INR 71.604 million or INR 0.35 basic and diluted per share against INR 170.396 million or INR 0.83 basic and diluted per share for the same period last year.