Advance Metering Technology 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 48.56 million compared to INR 56.27 million a year ago. Revenue was INR 55.65 million compared to INR 62.42 million a year ago. Net loss was INR 19.44 million compared to net income of INR 12.36 million a year ago. Basic loss per share from continuing operations was INR 1.21 compared to basic earnings per share from continuing operations of INR 0.77 a year ago. Diluted loss per share from continuing operations was INR 1.21 compared to diluted earnings per share from continuing operations of INR 0.77 a year ago.
For the six months, sales was INR 101.96 million compared to INR 104.41 million a year ago. Revenue was INR 111.16 million compared to INR 122.38 million a year ago. Net loss was INR 17.56 million compared to net income of INR 7.87 million a year ago. Basic loss per share from continuing operations was INR 1.09 compared to basic earnings per share from continuing operations of INR 0.49 a year ago. Diluted loss per share from continuing operations was INR 1.09 compared to diluted earnings per share from continuing operations of INR 0.49 a year ago.