Zenith Steel Pipes & Industries 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 277.42 million compared to INR 498.48 million a year ago. Revenue was INR 281.6 million compared to INR 552.35 million a year ago. Net loss was INR 75.42 million compared to INR 139.58 million a year ago. Basic loss per share from continuing operations was INR 0.53 compared to INR 0.94 a year ago. Basic loss per share was INR 0.53 compared to INR 0.98 a year ago.
For the six months, sales was INR 521.36 million compared to INR 1,094.89 million a year ago. Revenue was INR 527.12 million compared to INR 1,156.86 million a year ago. Net loss was INR 99.04 million compared to INR 139.47 million a year ago. Basic loss per share from continuing operations was INR 0.69 compared to INR 0.81 a year ago. Basic loss per share was INR 0.7 compared to INR 0.98 a year ago.