Varroc Engineering 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 18,868.09 million compared to INR 18,341.05 million a year ago. Revenue was INR 18,935.5 million compared to INR 18,465.7 million a year ago. Net income was INR 542.27 million compared to net loss of INR 7,950.21 million a year ago. Basic earnings per share from continuing operations was INR 3.55 compared to basic loss per share from continuing operations of INR 1.27 a year ago. Basic earnings per share was INR 3.55 compared to basic loss per share of INR 52.04 a year ago.
For the six months, sales was INR 36,924.94 million compared to INR 34,693.27 million a year ago. Revenue was INR 37,047.23 million compared to INR 34,839.1 million a year ago. Net income was INR 864.84 million compared to net loss of INR 8,798.62 million a year ago. Basic earnings per share from continuing operations was INR 7.03 compared to basic loss per share from continuing operations of INR 1.57 a year ago. Basic earnings per share was INR 5.66 compared to basic loss per share of INR 57.59 a year ago.