Salem Erode Investments 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 10.18 million compared to INR 11.46 million a year ago. Revenue was INR 10.25 million compared to INR 11.51 million a year ago. Net loss was INR 0.778 million compared to net income of INR 1.33 million a year ago. Basic loss per share from continuing operations was INR 0.07 compared to basic earnings per share from continuing operations of INR 0.12 a year ago.
For the six months, sales was INR 21.8 million compared to INR 20.03 million a year ago. Revenue was INR 21.93 million compared to INR 20.12 million a year ago. Net loss was INR 0.571 million compared to net income of INR 0.552 million a year ago. Basic loss per share from continuing operations was INR 0.05 compared to basic earnings per share from continuing operations of INR 0.05 a year ago.