IFB Agro Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,392.4 million compared to INR 4,061.8 million a year ago. Revenue was INR 3,553.4 million compared to INR 4,869.7 million a year ago. Net loss was INR 21 million compared to net income of INR 161 million a year ago. Basic loss per share from continuing operations was INR 2.24 compared to basic earnings per share from continuing operations of INR 17.19 a year ago. Diluted loss per share from continuing operations was INR 2.24 compared to diluted earnings per share from continuing operations of INR 17.19 a year ago.
For the six months, sales was INR 4,711 million compared to INR 7,398.6 million a year ago. Revenue was INR 6,955.3 million compared to INR 8,993 million a year ago. Net loss was INR 2 million compared to net income of INR 308 million a year ago. Basic loss per share from continuing operations was INR 0.21 compared to basic earnings per share from continuing operations of INR 32.88 a year ago. Diluted loss per share from continuing operations was INR 0.21 compared to diluted earnings per share from continuing operations of INR 32.88 a year ago.