Stovec Industries Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was INR 572.51 million compared to INR 643.19 million a year ago. Revenue was INR 587.2 million compared to INR 658.84 million a year ago. Net income was INR 20.16 million compared to INR 125.4 million a year ago. Basic earnings per share from continuing operations was INR 9.65 compared to INR 60.06 a year ago. Diluted earnings per share from continuing operations was INR 9.65 compared to INR 60.06 a year ago.
For the six months, sales was INR 1,016.46 million compared to INR 1,303.13 million a year ago. Revenue was INR 1,044.85 million compared to INR 1,331.21 million a year ago. Net income was INR 44.63 million compared to INR 222.24 million a year ago. Basic earnings per share from continuing operations was INR 21.37 compared to INR 106.44 a year ago. Diluted earnings per share from continuing operations was INR 21.37 compared to INR 106.44 a year ago.