Finolex Industries 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 8,831.5 million compared to INR 9,411.3 million a year ago. Revenue was INR 9,445 million compared to INR 9,799.6 million a year ago. Net income was INR 979.6 million compared to net loss of INR 953.8 million a year ago. Basic earnings per share from continuing operations was INR 1.58 compared to basic loss per share from continuing operations of INR 1.54 a year ago. Diluted earnings per share from continuing operations was INR 1.58 compared to diluted loss per share from continuing operations of INR 1.54 a year ago.
For the six months, sales was INR 20,623.2 million compared to INR 21,309.4 million a year ago. Revenue was INR 21,639.3 million compared to INR 21,948.4 million a year ago. Net income was INR 2,132.9 million compared to INR 38.4 million a year ago. Basic earnings per share from continuing operations was INR 3.45 compared to INR 0.06 a year ago. Diluted earnings per share from continuing operations was INR 3.45 compared to INR 0.06 a year ago.