Shree Bhawani Paper Mills Ltd. reported unaudited earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported net sales of INR 291.9 million against INR 435.8 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 12.1 million against profit from operations before other income, finance costs and exceptional items of INR 4.2 million a year ago. Loss from ordinary activities before tax was INR 68.1 million against INR 36.3 million a year ago. Net loss for the period was INR 68.1 million against INR 31.7 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 1.96 against INR 0.91 a year ago.

For the six months, the company reported net sales of INR 394.0 million against INR 768.7 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 53.5 million against INR 136.5 million a year ago. Loss from ordinary activities before tax was INR 258.7 million against INR 216.5 million a year ago. Net loss for the period was INR 258.7 million against INR 79.1 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 7.43 against INR 2.27 a year ago.