Madhav Marbles and Granites 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 116.94 million compared to INR 147.22 million a year ago. Revenue was INR 127.4 million compared to INR 155.92 million a year ago. Net loss was INR 20.9 million compared to net income of INR 0.607 million a year ago. Basic loss per share from continuing operations was INR 2.34 compared to basic earnings per share from continuing operations of INR 0.07 a year ago. Diluted loss per share from continuing operations was INR 2.34 compared to diluted earnings per share from continuing operations of INR 0.07 a year ago.
For the six months, sales was INR 264.16 million compared to INR 304.18 million a year ago. Revenue was INR 283.92 million compared to INR 322.4 million a year ago. Net loss was INR 7.42 million compared to INR 1.83 million a year ago. Basic loss per share from continuing operations was INR 0.83 compared to INR 0.2 a year ago. Diluted loss per share from continuing operations was INR 0.83 compared to INR 0.2 a year ago.