Veer Energy & Infrastructure 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 7.02 million compared to INR 16.19 million a year ago. Revenue was INR 19.65 million compared to INR 20.08 million a year ago. Net loss was INR 3.54 million compared to net income of INR 1.17 million a year ago. Basic loss per share from continuing operations was INR 0.24 compared to basic earnings per share from continuing operations of INR 0.1 a year ago. Diluted loss per share from continuing operations was INR 0.24 compared to diluted earnings per share from continuing operations of INR 0.1 a year ago.
For the six months, sales was INR 15.05 million compared to INR 23.1 million a year ago. Revenue was INR 35.65 million compared to INR 32.03 million a year ago. Net income was INR 0.564 million compared to net loss of INR 9.74 million a year ago. Basic earnings per share from continuing operations was INR 0.03 compared to basic loss per share from continuing operations of INR 0.86 a year ago. Diluted earnings per share from continuing operations was INR 0.03 compared to diluted loss per share from continuing operations of INR 0.86 a year ago.