United Drilling Tools Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 342.62 million compared to INR 504.26 million a year ago. Revenue was INR 343.9 million compared to INR 508.93 million a year ago. Net income was INR 22.12 million compared to INR 154.53 million a year ago. Basic earnings per share from continuing operations was INR 1.09 compared to INR 7.61 a year ago. Diluted earnings per share from continuing operations was INR 1.09 compared to INR 7.61 a year ago.
For the six months, sales was INR 713.87 million compared to INR 821.56 million a year ago. Revenue was INR 716.16 million compared to INR 832.26 million a year ago. Net income was INR 53.67 million compared to INR 297.22 million a year ago. Basic earnings per share from continuing operations was INR 2.64 compared to INR 14.63 a year ago. Diluted earnings per share from continuing operations was INR 2.64 compared to INR 14.63 a year ago.