Sumeet Industries 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 2,354.99 million compared to INR 2,229.41 million a year ago. Revenue was INR 2,357.08 million compared to INR 2,234.95 million a year ago. Net loss was INR 333.8 million compared to net income of INR 18.74 million a year ago. Basic loss per share from continuing operations was INR 3.14 compared to basic earnings per share from continuing operations of INR 0.18 a year ago.
For the six months, sales was INR 5,310.81 million compared to INR 4,064.32 million a year ago. Revenue was INR 5,313.78 million compared to INR 4,073.36 million a year ago. Net loss was INR 386.75 million compared to net income of INR 19.87 million a year ago. Basic loss per share from continuing operations was INR 3.98 compared to basic earnings per share from continuing operations of INR 0.19 a year ago.