Remi Edelstahl Tubulars Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 272.64 million compared to INR 353.67 million a year ago. Revenue was INR 273.2 million compared to INR 355.64 million a year ago. Net income was INR 5.79 million compared to INR 0.285 million a year ago. Basic earnings per share from continuing operations was INR 0.53 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.53 compared to INR 0.03 a year ago.
For the six months, sales was INR 484.5 million compared to INR 711.97 million a year ago. Revenue was INR 487.09 million compared to INR 714.44 million a year ago. Net loss was INR 2.47 million compared to net income of INR 1.79 million a year ago. Basic loss per share from continuing operations was INR 0.22 compared to basic earnings per share from continuing operations of INR 0.16 a year ago. Diluted loss per share from continuing operations was INR 0.22 compared to diluted earnings per share from continuing operations of INR 0.16 a year ago.