Mount Shivalik Industries Ltd. reported unaudited standalone earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 14.148 million compared to INR 41.907 million a year ago. Total income from operations was INR 23.098 million against INR 45.566 million a year ago. Loss from operations, before other income, finance costs and exceptional items was INR 38.408 million compared to INR 39.153 million a year ago. Loss from ordinary activities before tax was INR 54.102 million compared to INR 53.126 million a year ago. Net loss for the period was INR 29.318 million or INR 4.85 basic and diluted per share compared to INR 33.482 million or INR 5.54 basic and diluted per share a year ago.

For the six months, the company reported net sales/income from operations of INR 26.551 million compared to INR 88.759 million a year ago. Total income from operations was INR 44.493 million against INR 103.764 million a year ago. Loss from operations, before other income, finance costs and exceptional items was INR 49.294 million compared to INR 76.933 million a year ago. Loss from ordinary activities before tax was INR 79.701 million compared to INR 103.550 million a year ago. Net loss for the period was INR 46.865 million or INR 7.75 basic and diluted per share compared to INR 67.909 million or INR 11.23 basic and diluted per share a year ago.