Sovereign Diamonds 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 75.3 million compared to INR 61.98 million a year ago. Revenue was INR 78.31 million compared to INR 63.58 million a year ago. Net income was INR 2.72 million compared to INR 7.41 million a year ago. Basic earnings per share from continuing operations was INR 0.47 compared to INR 1.28 a year ago. Diluted earnings per share from continuing operations was INR 0.47 compared to INR 1.28 a year ago.
For the six months, sales was INR 145.38 million compared to INR 86.49 million a year ago. Revenue was INR 151.4 million compared to INR 90.13 million a year ago. Net income was INR 7.95 million compared to INR 1.81 million a year ago. Basic earnings per share from continuing operations was INR 1.37 compared to INR 0.31 a year ago. Diluted earnings per share from continuing operations was INR 1.37 compared to INR 0.31 a year ago.