Avantel 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 543.33 million compared to INR 362.25 million a year ago. Revenue was INR 547.29 million compared to INR 362.88 million a year ago. Net income was INR 160.73 million compared to INR 61.43 million a year ago. Basic earnings per share from continuing operations was INR 0.66 compared to INR 0.2533 a year ago. Diluted earnings per share from continuing operations was INR 0.66 compared to INR 0.2533 a year ago.
For the six months, sales was INR 1,232.81 million compared to INR 632.15 million a year ago. Revenue was INR 1,238.83 million compared to INR 633.37 million a year ago. Net income was INR 240.81 million compared to INR 105.25 million a year ago. Basic earnings per share from continuing operations was INR 0.99 compared to INR 0.4333 a year ago. Diluted earnings per share from continuing operations was INR 0.99 compared to INR 0.4333 a year ago.