Gujarat Narmada Valley Fertilizers & Chemicals 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 20,800 million compared to INR 25,870 million a year ago. Revenue was INR 22,320 million compared to INR 26,720 million a year ago. Net income was INR 1,820 million compared to INR 2,380 million a year ago. Basic earnings per share from continuing operations was INR 11.74 compared to INR 15.35 a year ago. Diluted earnings per share from continuing operations was INR 11.74 compared to INR 15.35 a year ago.
For the six months, sales was INR 37,320 million compared to INR 52,830 million a year ago. Revenue was INR 39,720 million compared to INR 54,440 million a year ago. Net income was INR 2,700 million compared to INR 8,100 million a year ago. Basic earnings per share from continuing operations was INR 17.42 compared to INR 52.26 a year ago. Diluted earnings per share from continuing operations was INR 17.42 compared to INR 52.26 a year ago.