Standard 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 59.44 million compared to INR 36.35 million a year ago. Revenue was INR 59.54 million compared to INR 103.55 million a year ago. Net loss was INR 47.09 million compared to net income of INR 14.47 million a year ago. Basic loss per share from continuing operations was INR 0.73 compared to basic earnings per share from continuing operations of INR 0.22 a year ago. Diluted loss per share from continuing operations was INR 0.73 compared to diluted earnings per share from continuing operations of INR 0.22 a year ago.
For the six months, sales was INR 147.15 million compared to INR 124.11 million a year ago. Revenue was INR 161.52 million compared to INR 254.72 million a year ago. Net loss was INR 74.92 million compared to net income of INR 45.55 million a year ago. Basic loss per share from continuing operations was INR 1.16 compared to basic earnings per share from continuing operations of INR 0.71 a year ago. Diluted loss per share from continuing operations was INR 1.16 compared to diluted earnings per share from continuing operations of INR 0.71 a year ago.