Maris Spinners Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 231.63 million compared to INR 453.07 million a year ago. Revenue was INR 240.04 million compared to INR 458.48 million a year ago. Net loss was INR 63.35 million compared to net income of INR 41.42 million a year ago. Basic loss per share from continuing operations was INR 7.99 compared to basic earnings per share from continuing operations of INR 5.23 a year ago.
For the six months, sales was INR 668.7 million compared to INR 645.66 million a year ago. Revenue was INR 682.2 million compared to INR 651.7 million a year ago. Net loss was INR 28.05 million compared to net income of INR 79.31 million a year ago. Basic loss per share from continuing operations was INR 3.54 compared to basic earnings per share from continuing operations of INR 10.01 a year ago.