Aarvee Denims and Exports 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 546.45 million compared to INR 1,147.34 million a year ago. Revenue was INR 554.89 million compared to INR 1,227.74 million a year ago. Net loss was INR 173.69 million compared to INR 123.57 million a year ago. Basic loss per share from continuing operations was INR 7.4 compared to INR 5.27 a year ago. Basic loss per share was INR 7.4 compared to INR 5.27 a year ago.
For the six months, sales was INR 1,617.09 million compared to INR 1,939.25 million a year ago. Revenue was INR 1,658.63 million compared to INR 2,067.12 million a year ago. Net loss was INR 274.01 million compared to INR 152.17 million a year ago. Basic loss per share from continuing operations was INR 13.49 compared to INR 6.49 a year ago. Basic loss per share was INR 11.68 compared to INR 6.49 a year ago.