Eveready Industries India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 28, 2022 at 05:57 am EDT
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Eveready Industries India 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 3,757.5 million compared to INR 3,574.9 million a year ago. Revenue was INR 3,762.5 million compared to INR 3,586.8 million a year ago. Net income was INR 147.3 million compared to INR 310.4 million a year ago. Basic earnings per share from continuing operations was INR 2.03 compared to INR 4.27 a year ago. Diluted earnings per share from continuing operations was INR 2.03 compared to INR 4.27 a year ago.
For the six months, sales was INR 7,111.3 million compared to INR 6,396.3 million a year ago. Revenue was INR 7,120.5 million compared to INR 6,417.3 million a year ago. Net income was INR 365.8 million compared to INR 611.7 million a year ago. Basic earnings per share from continuing operations was INR 5.03 compared to INR 8.41 a year ago. Diluted earnings per share from continuing operations was INR 5.03 compared to INR 8.41 a year ago.
Eveready Industries India Ltd. is engaged in the business of marketing dry cell batteries, rechargeable batteries, flashlights, general lighting products and small home appliances. It also distributes a range of electrical products, small home appliances and confectioneries. The Company's product portfolio includes dry cell and rechargeable batteries under the brand names Eveready, PowerCell and Uniross; flashlights and lanterns under the brand names Eveready and PowerCell; LED bulbs and luminaires under the brand names Eveready and PowerCell, and small home appliances under the Eveready brand. Its products include zinc carbon batteries, alkaline batteries, trendy plastic torches, evergreen brass and aluminum torches, rechargeable torches, portable lanterns, LED batten, emergency LEDs, LED spotlights, LED downlights, LED panels, industrial lighting, outdoor lighting and others. Its manufacturing facilities are located in Goalpara (Assam), Lucknow, Noida, Haridwar, Maddur and Kolkata.