Bannari Amman Spinning Mills Ltd reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 3,459.46 million compared to INR 3,947 million a year ago. Revenue was INR 3,464.14 million compared to INR 3,964.63 million a year ago. Net loss was INR 117.94 million compared to net income of INR 188.12 million a year ago. Basic loss per share from continuing operations was INR 1.82 compared to basic earnings per share from continuing operations of INR 5.97 a year ago. Diluted loss per share from continuing operations was INR 1.82 compared to diluted earnings per share from continuing operations of INR 5.77 a year ago.
For the six months, sales was INR 7,289.62 million compared to INR 6,474.34 million a year ago. Revenue was INR 7,299.15 million compared to INR 6,492.85 million a year ago. Net loss was INR 59.14 million compared to net income of INR 331.23 million a year ago. Basic loss per share from continuing operations was INR 0.91 compared to basic earnings per share from continuing operations of INR 10.51 a year ago. Diluted loss per share from continuing operations was INR 0.91.