Valecha Engineering Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 327 million compared to INR 569.6 million a year ago. Revenue was INR 334 million compared to INR 583.4 million a year ago. Net loss was INR 352.6 million compared to INR 244 million a year ago. Basic loss per share from continuing operations was INR 25.48 compared to INR 17.48 a year ago. Diluted loss per share from continuing operations was INR 25.48 compared to INR 17.48 a year ago.
For the six months, sales was INR 520 million compared to INR 1,255.3 million a year ago. Revenue was INR 535.4 million compared to INR 1,278.3 million a year ago. Net loss was INR 577.7 million compared to INR 502.1 million a year ago. Basic loss per share from continuing operations was INR 41.83 compared to INR 35.4 a year ago. Diluted loss per share from continuing operations was INR 41.83 compared to INR 35.4 a year ago.