Avalon Technologies 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 2,009.93 million compared to INR 2,446.91 million a year ago. Revenue was INR 2,057.36 million compared to INR 2,510.99 million a year ago. Net income was INR 72.79 million compared to INR 147.73 million a year ago. Basic earnings per share from continuing operations was INR 1.11 compared to INR 2.64 a year ago. Diluted earnings per share from continuing operations was INR 1.09 compared to INR 2.56 a year ago.
For the six months, sales was INR 4,360.85 million compared to INR 4,407 million a year ago. Revenue was INR 4,459.47 million compared to INR 4,541.27 million a year ago. Net income was INR 143.49 million compared to INR 240.68 million a year ago. Basic earnings per share from continuing operations was INR 2.21 compared to INR 4.3 a year ago. Diluted earnings per share from continuing operations was INR 2.16 compared to INR 4.17 a year ago.