Kanco Tea & 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 310.4 million compared to INR 465.8 million a year ago. Revenue was INR 311 million compared to INR 467.6 million a year ago. Net income was INR 22.2 million compared to INR 169.6 million a year ago. Basic earnings per share from continuing operations was INR 4.33 compared to INR 33.11 a year ago.
For the six months, sales was INR 538.1 million compared to INR 732.7 million a year ago. Revenue was INR 545.9 million compared to INR 737.3 million a year ago. Net income was INR 44.6 million compared to INR 235.1 million a year ago. Basic earnings per share from continuing operations was INR 8.71 compared to INR 45.89 a year ago.