Shree Steel Wire Ropes 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 23.57 million compared to INR 49.98 million a year ago. Revenue was INR 24.08 million compared to INR 50.13 million a year ago. Net loss was INR 2.15 million compared to net income of INR 4.01 million a year ago. Basic loss per share from continuing operations was INR 0.65 compared to basic earnings per share from continuing operations of INR 1.21 a year ago. Diluted loss per share from continuing operations was INR 0.65 compared to diluted earnings per share from continuing operations of INR 1.21 a year ago.
For the six months, sales was INR 46.22 million compared to INR 95.94 million a year ago. Revenue was INR 46.84 million compared to INR 96.17 million a year ago. Net loss was INR 1.73 million compared to net income of INR 3.49 million a year ago. Basic loss per share from continuing operations was INR 0.52 compared to basic earnings per share from continuing operations of INR 1.05 a year ago. Diluted loss per share from continuing operations was INR 0.52 compared to diluted earnings per share from continuing operations of INR 1.05 a year ago.