Malwa Cotton Spinning Mills Ltd. announced unaudited financial results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported net sales/income from operations (net of excise) of INR 812.2 million against INR 1,091.4 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 397.8 million against profit from operations before other income, finance costs and exceptional items of INR 77.1 million a year ago. Loss from ordinary activities before tax was INR 482.3 million against profit from ordinary activities before tax of INR 2.9 million a year ago. Net loss for the period was INR 482.3 million or INR 18.84 per diluted share against net profit for the period of INR 2.9 million or INR 0.015 per diluted share a year ago.

For the six months, the company reported net sales/income from operations (net of excise) of INR 1,689.8 million against INR 2,111.2 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 426.6 million against profit from operations before other income, finance costs and exceptional items of INR 152.6 million a year ago. Loss from ordinary activities before tax was INR 588.6 million against profit from ordinary activities before tax of INR 4.7 million a year ago. Net loss for the period was INR 588.6 million or INR 22.79 per diluted share against net profit for the period of INR 4.7 million or INR 0.01 per diluted share a year ago.