Sowbhagya Media Limited announced unaudited financial results for the second quarter and six months ended Sept. 30, 2013. For the quarter, the company reported loss from operations before other income, finance costs & exceptional items of INR 0.664 million against profit of INR 0.54 million for the same period of last year. Profit from ordinary activities before tax was INR 0.47 million against profit of INR 0.54 million for the same period of last year. Net profit for the period was INR 0.34 million or INR 0.03 per diluted share against INR 1.08 million or INR 0.1 per diluted share for the same period of last year. Net sales/income from operations were INR 6.24 million against INR 12.6 million for the same period of last year.

For the six months, the company reported loss from operations before other income, finance costs & exceptional items of INR 0.307 million against profit of INR 2.97 million for the same period of last year. Profit from ordinary activities before tax was INR 0.47 million against profit of INR 5.4 million for the same period of last year. Net profit for the period was INR 0.031 million or INR 0.00 per diluted share against INR 2.48 million or INR 0.23 per diluted share for the same period of last year. Net sales/income from operations were INR 17 million against INR 26.7 million for the same period of last year.