Mahalaxmi Seamless Ltd. reported unaudited earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company reported net sales/income from operations of INR 74.408 million compared to INR 70.84 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 16.404 million compared to profit from operations before other income, finance costs and exceptional items of INR 4.41 million a year ago. Loss from ordinary activities before tax was INR 18.303 million compared to profit from ordinary activities before tax of INR 2.89 million a year ago. Net loss was INR 18.303 million or INR 3.47 per basic and diluted share compared to net loss of INR 2.89 million or INR 0.55 per basic and diluted share reported a year ago.

For the six months, the company reported net sales/income from operations of INR 151.593 million compared to INR 120.67 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 16.865 million compared to profit from operations before other income, finance costs and exceptional items of INR 2.84 million a year ago. Loss from ordinary activities before tax was INR 20.757 million compared to profit from ordinary activities before tax of INR 0.06 million a year ago. Net loss was INR 20.757 million or INR 3.93 per basic and diluted share compared to net loss of INR 0.06 million or INR 0.01 per basic and diluted share reported a year ago.