Electrotherm (India) 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 9,851.5 million compared to INR 7,473.4 million a year ago. Revenue was INR 9,872.8 million compared to INR 7,487.6 million a year ago. Net income was INR 675.3 million compared to net loss of INR 159.7 million a year ago. Basic earnings per share from continuing operations was INR 53.01 compared to basic loss per share from continuing operations of INR 12.54 a year ago. Diluted earnings per share from continuing operations was INR 53.01 compared to diluted loss per share from continuing operations of INR 12.54 a year ago.
For the six months, sales was INR 19,166 million compared to INR 14,259.2 million a year ago. Revenue was INR 19,191.9 million compared to INR 14,298.9 million a year ago. Net income was INR 1,062.2 million compared to net loss of INR 607 million a year ago. Basic earnings per share from continuing operations was INR 83.38 compared to basic loss per share from continuing operations of INR 47.65 a year ago. Diluted earnings per share from continuing operations was INR 83.38 compared to diluted loss per share from continuing operations of INR 47.65 a year ago.