Sri Nachammai Cotton Mills 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 143.51 million compared to INR 357.83 million a year ago. Revenue was INR 146.31 million compared to INR 360.56 million a year ago. Net loss was INR 18.6 million compared to INR 6.6 million a year ago. Basic loss per share from continuing operations was INR 4.34 compared to INR 1.54 a year ago. Diluted loss per share from continuing operations was INR 4.34 compared to INR 1.54 a year ago.
For the six months, sales was INR 372.68 million compared to INR 754.55 million a year ago. Revenue was INR 378.34 million compared to INR 760.44 million a year ago. Net loss was INR 36.94 million compared to net income of INR 8.23 million a year ago. Basic loss per share from continuing operations was INR 8.62 compared to basic earnings per share from continuing operations of INR 1.92 a year ago. Diluted loss per share from continuing operations was INR 8.62 compared to diluted earnings per share from continuing operations of INR 1.92 a year ago.