Polyspin Exports 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 534.5 million compared to INR 578.96 million a year ago. Revenue was INR 546.81 million compared to INR 597.42 million a year ago. Net income was INR 21.91 million compared to INR 21.47 million a year ago. Basic earnings per share from continuing operations was INR 2.3 compared to INR 3.06 a year ago. Basic earnings per share was INR 2.19 compared to INR 2.15 a year ago.
For the six months, sales was INR 1,026.33 million compared to INR 1,133.26 million a year ago. Revenue was INR 1,044.04 million compared to INR 1,161.61 million a year ago. Net income was INR 3.67 million compared to INR 47.74 million a year ago. Basic earnings per share from continuing operations was INR 1.08 compared to INR 4.73 a year ago. Basic earnings per share was INR 0.36 compared to INR 4.77 a year ago.