The Ugar Sugar Works 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 2,340.59 million compared to INR 2,563.33 million a year ago. Revenue was INR 2,697.65 million compared to INR 2,902.62 million a year ago. Net loss was INR 331.98 million compared to INR 134.8 million a year ago. Basic loss per share from continuing operations was INR 2.95 compared to INR 1.2 a year ago.
For the six months, sales was INR 4,221.17 million compared to INR 5,917.97 million a year ago. Revenue was INR 4,896.1 million compared to INR 6,647.98 million a year ago. Net loss was INR 423.35 million compared to INR 77.39 million a year ago. Basic loss per share from continuing operations was INR 3.76 compared to INR 0.69 a year ago.