NRB Industrial Bearings 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 190.28 million compared to INR 208.08 million a year ago. Revenue was INR 193.19 million compared to INR 211.23 million a year ago. Net loss was INR 60.14 million compared to INR 20.84 million a year ago. Basic loss per share from continuing operations was INR 2.48 compared to INR 0.86 a year ago.
For the six months, sales was INR 364.81 million compared to INR 366.03 million a year ago. Revenue was INR 372.17 million compared to INR 371.52 million a year ago. Net loss was INR 123.93 million compared to INR 74.59 million a year ago. Basic loss per share from continuing operations was INR 5.11 compared to INR 3.08 a year ago.