Indian KIOCL Limited reports a decrease in net loss in the second quarter of fiscal year 2025-26

Indian state-owned iron ore pellet producer KIOCL Limited reported a net loss of 171.60 million rupees ($1.93 million). in the second quarter (July-September) of the fiscal year 2025-26, which is lower than the net loss of 692.10 million rupees ($7.80 million) in the corresponding quarter of the previous fiscal year, according to the company's regulatory documents on Monday, November 17.

The company achieved total sales revenue of 1,425.40 million rupees ($16.68 million) in the period, an increase of 798.74 percent year-on-year, the filing said.