Velan Hotels Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported net loss was INR 5.31 million compared to net income of INR 106.97 million a year ago. Basic loss per share from continuing operations was INR 0.17 compared to basic earnings per share from continuing operations of INR 3.35 a year ago. Diluted loss per share from continuing operations was INR 0.17 compared to diluted earnings per share from continuing operations of INR 3.35 a year ago.
For the six months, revenue was INR 0.16 million. Net loss was INR 28.25 million compared to net income of INR 103.49 million a year ago. Basic loss per share from continuing operations was INR 0.88 compared to basic earnings per share from continuing operations of INR 3.24 a year ago. Diluted loss per share from continuing operations was INR 0.88 compared to diluted earnings per share from continuing operations of INR 3.24 a year ago.