Ambika Cotton Mills 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 1,994.1 million compared to INR 2,190.9 million a year ago. Revenue was INR 2,034.1 million compared to INR 2,221.8 million a year ago. Net income was INR 131.2 million compared to INR 280.8 million a year ago. Basic earnings per share from continuing operations was INR 22.92 compared to INR 49.05 a year ago. Diluted earnings per share from continuing operations was INR 22.92 compared to INR 49.05 a year ago.
For the six months, sales was INR 4,213.6 million compared to INR 4,728.4 million a year ago. Revenue was INR 4,364.1 million compared to INR 4,789.7 million a year ago. Net income was INR 338.7 million compared to INR 669.5 million a year ago. Basic earnings per share from continuing operations was INR 59.16 compared to INR 116.94 a year ago. Diluted earnings per share from continuing operations was INR 59.16 compared to INR 116.94 a year ago.