India Nippon Electricals 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 1,897 million compared to INR 1,863.9 million a year ago. Revenue was INR 1,947.2 million compared to INR 1,918 million a year ago. Net income was INR 175.4 million compared to INR 167.4 million a year ago. Basic earnings per share from continuing operations was INR 7.75 compared to INR 7.4 a year ago. Diluted earnings per share from continuing operations was INR 7.75 compared to INR 7.4 a year ago.
For the six months, sales was INR 3,495.4 million compared to INR 3,420.9 million a year ago. Revenue was INR 3,601.7 million compared to INR 3,505 million a year ago. Net income was INR 268 million compared to INR 204.5 million a year ago. Basic earnings per share from continuing operations was INR 11.85 compared to INR 9.04 a year ago. Diluted earnings per share from continuing operations was INR 11.85 compared to INR 9.04 a year ago.