VELS Film International Limited reported earnings results for the half year ended September 30, 2023. For the half year, the company reported sales was INR 53.53 million compared to INR 462.43 million a year ago. Revenue was INR 54.95 million compared to INR 471.9 million a year ago.

Net loss was INR 157.45 million compared to net income of INR 13.4 million a year ago. Basic loss per share from continuing operations was INR 12.2 compared to basic earnings per share from continuing operations of INR 1.41 a year ago. Diluted loss per share from continuing operations was INR 12.2 compared to diluted earnings per share from continuing operations of INR 1.41 a year ago.