Mahindra EPC Irrigation 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 577.4 million compared to INR 263 million a year ago. Revenue was INR 579.6 million compared to INR 263.4 million a year ago. Net loss was INR 6.8 million compared to INR 82.6 million a year ago. Basic loss per share from continuing operations was INR 0.24 compared to INR 2.96 a year ago. Diluted loss per share from continuing operations was INR 0.24 compared to INR 2.96 a year ago.
For the six months, sales was INR 1,109.9 million compared to INR 736.2 million a year ago. Revenue was INR 1,113.9 million compared to INR 737.6 million a year ago. Net loss was INR 14.9 million compared to INR 146.7 million a year ago. Basic loss per share from continuing operations was INR 0.53 compared to INR 5.26 a year ago. Diluted loss per share from continuing operations was INR 0.53 compared to INR 5.26 a year ago.