Precision Electronics 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 99.3 million compared to INR 88.5 million a year ago. Revenue was INR 100.3 million compared to INR 90.1 million a year ago. Net loss was INR 8.6 million compared to net income of INR 11.1 million a year ago. Basic loss per share from continuing operations was INR 0.62 compared to basic earnings per share from continuing operations of INR 0.8 a year ago.
For the six months, sales was INR 165.2 million compared to INR 186 million a year ago. Revenue was INR 166.3 million compared to INR 189.7 million a year ago. Net loss was INR 16.4 million compared to net income of INR 12.2 million a year ago. Basic loss per share from continuing operations was INR 1.19 compared to basic earnings per share from continuing operations of INR 0.88 a year ago.