Seamec 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 844.3 million compared to INR 853.3 million a year ago. Revenue was INR 982.4 million compared to INR 1,004.5 million a year ago. Net loss was INR 147.8 million compared to net income of INR 169.7 million a year ago. Basic loss per share from continuing operations was INR 5.69 compared to basic earnings per share from continuing operations of INR 6.72 a year ago.
For the six months, sales was INR 2,796 million compared to INR 2,107.3 million a year ago. Revenue was INR 3,062.1 million compared to INR 2,304.5 million a year ago. Net income was INR 108.8 million compared to INR 396.1 million a year ago. Basic earnings per share from continuing operations was INR 4.52 compared to INR 15.68 a year ago.