Swelect Energy Systems 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 838.28 million compared to INR 1,580.13 million a year ago. Revenue was INR 912.06 million compared to INR 1,645.36 million a year ago. Net income was INR 68.31 million compared to INR 56.37 million a year ago. Basic earnings per share from continuing operations was INR 4.82 compared to INR 9.87 a year ago. Diluted earnings per share from continuing operations was INR 4.82 compared to INR 9.87 a year ago. Basic earnings per share was INR 4.82 compared to INR 4.16 a year ago. Diluted earnings per share was INR 4.82 compared to INR 4.16 a year ago.
For the six months, sales was INR 1,688.76 million compared to INR 2,214.19 million a year ago. Revenue was INR 1,889.58 million compared to INR 2,293.58 million a year ago. Net income was INR 177.38 million compared to INR 29.58 million a year ago. Basic earnings per share from continuing operations was INR 12.44 compared to INR 15.69 a year ago. Diluted earnings per share from continuing operations was INR 12.44 compared to INR 15.69 a year ago. Basic earnings per share was INR 12.44 compared to INR 2.38 a year ago. Diluted earnings per share was INR 12.44 compared to INR 2.38 a year ago.