Facor Steels Ltd. reported unaudited earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported net sales of INR 52.400 million compared with INR 839.250 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 64.220 million compared with INR 41.076 million for the same period last year. Loss from ordinary activities before tax was INR 77.275 million compared with INR 64.818 million for the same period last year. Net loss for the period was INR 77.275 million or INR 0.37 basic and diluted per share compared with INR 63.178 million or INR 0.26 diluted per share for the same period last year.

For the period, the company reported net sales of INR 72.300 million compared with INR 1,814.672 million for the same period last year. Loss from operations before other income, financial cost & exceptional items was INR 114.615 million compared with INR 65.297 million for the same period last year. Loss from ordinary activities before tax was INR 145.413 million compared with INR 110.422 million for the same period last year. Net loss for the period was INR 145.413 million or INR 0.70 diluted per share compared with INR 87.142 million or INR 0.42 diluted per share for the same period last year.