Sri Nachammai Cotton Mills 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 357.83 million compared to INR 542.14 million a year ago. Revenue was INR 360.56 million compared to INR 544.84 million a year ago. Net loss was INR 6.6 million compared to net income of INR 4.73 million a year ago. Basic loss per share from continuing operations was INR 1.54 compared to basic earnings per share from continuing operations of INR 1.1 a year ago. Diluted loss per share from continuing operations was INR 1.54 compared to diluted earnings per share from continuing operations of INR 1.1 a year ago.
For the six months, sales was INR 754.55 million compared to INR 867.18 million a year ago. Revenue was INR 760.44 million compared to INR 872.45 million a year ago. Net income was INR 8.23 million compared to INR 9.71 million a year ago. Basic earnings per share from continuing operations was INR 1.92 compared to INR 2.27 a year ago. Diluted earnings per share from continuing operations was INR 1.92 compared to INR 2.27 a year ago.