Avadh Sugar & Energy 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 5,891.82 million compared to INR 6,196.08 million a year ago. Revenue was INR 5,943.43 million compared to INR 6,210.72 million a year ago. Net loss was INR 162.81 million compared to net income of INR 252.44 million a year ago. Basic loss per share from continuing operations was INR 8.14 compared to basic earnings per share from continuing operations of INR 12.61 a year ago.
For the six months, sales was INR 12,772.57 million compared to INR 12,384.43 million a year ago. Revenue was INR 12,827.51 million compared to INR 12,403.85 million a year ago. Net income was INR 34.11 million compared to INR 441.92 million a year ago. Basic earnings per share from continuing operations was INR 1.7 compared to INR 22.08 a year ago.