Shree Bhawani Paper Mills Ltd. reported unaudited standalone earnings results for the second quarter and half year ended September 30, 2015. For the quarter, the company reported loss from operations before other income, finance costs and exceptional items were INR 36.4 million against INR 59.6 million a year ago. Loss from ordinary activities before tax was INR 93 million against INR 105.3 million a year ago. Net loss for the period was INR 93 million against INR 105.3 million a year ago. Basic and diluted loss per share was INR 2.67 against INR 3.03 a year ago.

For the half year, the company reported net sales/income from operations (net of excise duty) of INR 1.9 million against INR 272.6 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 76.3 million against INR 136 million a year ago. Loss from ordinary activities before tax was INR 187.1 million against INR 229.8 million a year ago. Net loss for the period was INR 187.1 million against INR 229.8 million a year ago. Basic and diluted loss per share was INR 5.37 against INR 6.61 a year ago.