Garware Synthetics 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 24.74 million compared to INR 29.87 million a year ago. Revenue was INR 24.82 million compared to INR 30.22 million a year ago. Net loss was INR 1.95 million compared to net income of INR 0.044 million a year ago. Basic loss per share from continuing operations was INR 0.34 compared to basic earnings per share from continuing operations of INR 0.01 a year ago. Diluted loss per share from continuing operations was INR 0.34 compared to diluted earnings per share from continuing operations of INR 0.01 a year ago.
For the six months, sales was INR 53.64 million compared to INR 59.11 million a year ago. Revenue was INR 53.74 million compared to INR 59.46 million a year ago. Net loss was INR 2.26 million compared to INR 0.218 million a year ago. Basic loss per share from continuing operations was INR 0.39 compared to INR 0.04 a year ago. Diluted loss per share from continuing operations was INR 0.39 compared to INR 0.04 a year ago.