Lagnam Spintex 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 925.54 million compared to INR 629.27 million a year ago. Revenue was INR 925.81 million compared to INR 630.55 million a year ago. Net income was INR 12.9 million compared to INR 16.41 million a year ago. Basic earnings per share from continuing operations was INR 0.73 compared to INR 0.93 a year ago. Diluted earnings per share from continuing operations was INR 0.73 compared to INR 0.93 a year ago.
For the six months, sales was INR 1,642.78 million compared to INR 1,421.6 million a year ago. Revenue was INR 1,643.33 million compared to INR 1,423.14 million a year ago. Net income was INR 26.52 million compared to INR 78.55 million a year ago. Basic earnings per share from continuing operations was INR 1.5 compared to INR 4.45 a year ago. Diluted earnings per share from continuing operations was INR 1.5 compared to INR 4.45 a year ago.