Oil Country Tubular 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 7.57 million. Revenue was INR 7.92 million compared to INR 1,391.4 million a year ago. Net loss was INR 148.36 million compared to net income of INR 1,407.47 million a year ago. Basic loss per share from continuing operations was INR 3.35 compared to basic earnings per share from continuing operations of INR 32.12 a year ago. Diluted loss per share from continuing operations was INR 3.35 compared to diluted earnings per share from continuing operations of INR 32.12 a year ago.
For the six months, sales was INR 9.67 million. Revenue was INR 14.23 million compared to INR 1,391.45 million a year ago. Net loss was INR 335.51 million compared to net income of INR 1,263.9 million a year ago. Basic loss per share from continuing operations was INR 7.58 compared to basic earnings per share from continuing operations of INR 28.87 a year ago. Diluted loss per share from continuing operations was INR 7.58 compared to diluted earnings per share from continuing operations of INR 28.87 a year ago.