Arvee Laboratories (India) Ltd. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 194.03 million compared to INR 107 million a year ago. Revenue was INR 228 million compared to INR 107.73 million a year ago. Net income was INR 20.48 million compared to INR 7.26 million a year ago. Basic earnings per share from continuing operations was INR 1.86 compared to INR 0.66 a year ago. Diluted earnings per share from continuing operations was INR 1.86 compared to INR 0.66 a year ago.
For the six months, sales was INR 375.82 million compared to INR 197.62 million a year ago. Revenue was INR 410.02 million compared to INR 198.92 million a year ago. Net income was INR 31.89 million compared to INR 12.54 million a year ago. Basic earnings per share from continuing operations was INR 2.89 compared to INR 1.14 a year ago. Diluted earnings per share from continuing operations was INR 2.89 compared to INR 1.14 a year ago.