The Anup Engineering Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 30, 2023 at 03:15 am EDT
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The Anup Engineering 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 1,398.48 million compared to INR 1,009.56 million a year ago. Revenue was INR 1,414.09 million compared to INR 1,012.06 million a year ago. Net income was INR 217.16 million compared to INR 129.26 million a year ago. Basic earnings per share from continuing operations was INR 10.96 compared to INR 6.54 a year ago. Diluted earnings per share from continuing operations was INR 10.855 compared to INR 6.495 a year ago.
For the six months, sales was INR 2,650.61 million compared to INR 1,527.42 million a year ago. Revenue was INR 2,671.13 million compared to INR 1,533.6 million a year ago. Net income was INR 402.8 million compared to INR 180.86 million a year ago. Basic earnings per share from continuing operations was INR 20.33 compared to INR 9.15 a year ago. Diluted earnings per share from continuing operations was INR 20.165 compared to INR 9.09 a year ago.
The Anup Engineering Limited is an India-based company that is engaged in manufacturing and fabrication of process equipment. The Company's products include static process equipment, technology products, engineering services, dished ends and industrial centrifuges. Its static process equipment includes heat exchangers, reactors, pressure vessels, columns and towers, and custom fabrication. Its technology products include Helixchanger and EMBaffle Heat Exchanger. The Company offers a range of shell and tube heat exchangers for oil and gas, refinery, petrochemical, fertilizer, power, water and wastewater, and chemical industries. Its range of heat exchangers include evaporators, high-pressure feed water heaters, surface condensers, waste heat exchangers, multi-tube hairpin exchangers, bayonet heat exchangers, catalyst coolers, transfer line exchangers and others.