IP Rings 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 777.4 million compared to INR 853.45 million a year ago. Revenue was INR 780.34 million compared to INR 862.15 million a year ago. Net loss was INR 20.82 million compared to net income of INR 8.03 million a year ago. Basic loss per share from continuing operations was INR 1.64 compared to basic earnings per share from continuing operations of INR 0.63 a year ago. Diluted loss per share from continuing operations was INR 1.64 compared to diluted earnings per share from continuing operations of INR 0.63 a year ago.
For the six months, sales was INR 1,539.78 million compared to INR 1,644.44 million a year ago. Revenue was INR 1,555.59 million compared to INR 1,662.56 million a year ago. Net loss was INR 32.33 million compared to net income of INR 29.7 million a year ago. Basic loss per share from continuing operations was INR 2.55 compared to basic earnings per share from continuing operations of INR 2.34 a year ago. Diluted loss per share from continuing operations was INR 2.55 compared to diluted earnings per share from continuing operations of INR 2.34 a year ago.