Aditya Vision Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 05:42 am EDT
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Aditya Vision 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 3,131.3 million compared to INR 2,596 million a year ago. Revenue was INR 3,156 million compared to INR 2,601.4 million a year ago. Net income was INR 96.3 million compared to INR 113.5 million a year ago. Basic earnings per share from continuing operations was INR 8 compared to INR 9.44 a year ago. Diluted earnings per share from continuing operations was INR 8 compared to INR 9.44 a year ago.
For the six months, sales was INR 9,543.6 million compared to INR 6,981.1 million a year ago. Revenue was INR 9,582 million compared to INR 6,990 million a year ago. Net income was INR 470.5 million compared to INR 378.4 million a year ago. Basic earnings per share from continuing operations was INR 39.11 compared to INR 31.46 a year ago. Diluted earnings per share from continuing operations was INR 39.11 compared to INR 31.46 a year ago.
Aditya Vision Limited is an India-based multi-brand consumer electronics retail chain company. The Company is primarily engaged in the retail business of electronic products such as Consumer Electronics, home appliances, mobility, and information technology (IT) products. The Company sells over 10,000 products ranging from digital gadgets like mobile phones, laptops, tablets to entertainment solutions like televisions, sound bars, home theatres, cameras, accessories to home appliances like air conditioners, refrigerators, washing machines to small appliances/cooking and kitchen appliances like chimneys, air fryers, soup makers, cooktops, dishwashers across numerous national and international brands. It has approximately 100 plus outlets across almost all districts of Bihar. The Company offers products from various brands, such as Samsung, LG, Sony, Haier, Dell, Apple, JBL, Whirlpool and Voltas. Its services include Aditya Seva, Aditya Suraksha, and express delivery.