Loyal Textile Mills 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 2,475.7 million compared to INR 3,521.5 million a year ago. Revenue was INR 2,531.8 million compared to INR 3,524.7 million a year ago. Net loss was INR 131.4 million compared to INR 36 million a year ago. Basic loss per share from continuing operations was INR 27.28 compared to INR 7.5 a year ago. Diluted loss per share from continuing operations was INR 27.28 compared to INR 7.5 a year ago.
For the six months, sales was INR 5,342.5 million compared to INR 7,877.1 million a year ago. Revenue was INR 5,478.1 million compared to INR 7,913.7 million a year ago. Net loss was INR 272.5 million compared to net income of INR 172.3 million a year ago. Basic loss per share from continuing operations was INR 56.58 compared to basic earnings per share from continuing operations of INR 35.77 a year ago. Diluted loss per share from continuing operations was INR 56.58 compared to diluted earnings per share from continuing operations of INR 35.77 a year ago.