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Raasi Refractories reports revenue decline 45.51% for the second quarter 2022

2022-11-24

Nov. 24, 2022 - Raasi Refractories 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 111.27 million compared to INR 199.16 million a year ago. Revenue was INR 108.53 million compared to INR 199.16 million a year ago. Net loss was INR 14.74 million compared to net income of INR 2.23 million a year ago. Basic loss per share from continuing operations was INR 3.13 compared to basic earnings per share from continuing operations of INR 0.47 a year ago. Diluted loss per share from continuing operations was INR 3.13 compared to diluted earnings per share from continuing operations of INR 0.47 a year ago.


For the six months, sales was INR 201.97 million compared to INR 298.72 million a year ago. Revenue was INR 202 million compared to INR 298.72 million a year ago. Net loss was INR 39.88 million compared to net income of INR 3.46 million a year ago. Basic loss per share from continuing operations was INR 8.46 compared to basic earnings per share from continuing operations of INR 0.73 a year ago. Diluted loss per share from continuing operations was INR 8.46 compared to diluted earnings per share from continuing operations of INR 0.73 a year ago.
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