Sangal Papers 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 465.24 million compared to INR 553.84 million a year ago. Revenue was INR 467.39 million compared to INR 559.16 million a year ago. Net loss was INR 4.54 million compared to net income of INR 5.54 million a year ago. Basic loss per share from continuing operations was INR 3.47 compared to basic earnings per share from continuing operations of INR 4.23 a year ago. Diluted loss per share from continuing operations was INR 3.47 compared to diluted earnings per share from continuing operations of INR 4.23 a year ago.
For the six months, sales was INR 960.95 million compared to INR 1,075.03 million a year ago. Revenue was INR 964.57 million compared to INR 1,085.13 million a year ago. Net income was INR 4.58 million compared to INR 24.11 million a year ago. Basic earnings per share from continuing operations was INR 3.5 compared to INR 18.44 a year ago. Diluted earnings per share from continuing operations was INR 3.5 compared to INR 18.44 a year ago.