Prakash Pipes 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 1,708.6 million compared to INR 1,894.5 million a year ago. Revenue was INR 1,763 million compared to INR 1,916 million a year ago. Net income was INR 226.7 million compared to INR 131.3 million a year ago. Basic earnings per share from continuing operations was INR 9.48 compared to INR 5.49 a year ago. Diluted earnings per share from continuing operations was INR 9.48 compared to INR 5.29 a year ago.
For the six months, sales was INR 3,464.2 million compared to INR 3,814.3 million a year ago. Revenue was INR 3,530.4 million compared to INR 4,012.4 million a year ago. Net income was INR 411.4 million compared to INR 381 million a year ago. Basic earnings per share from continuing operations was INR 17.2 compared to INR 15.93 a year ago. Diluted earnings per share from continuing operations was INR 17.2 compared to INR 15.37 a year ago.