Veto Switchgears and Cables 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 716.45 million compared to INR 754.5 million a year ago. Revenue was INR 719.88 million compared to INR 757.59 million a year ago. Net income was INR 59.76 million compared to INR 69.6 million a year ago. Basic earnings per share from continuing operations was INR 3.16 compared to INR 3.69 a year ago. Diluted earnings per share from continuing operations was INR 3.16 compared to INR 3.69 a year ago.
For the six months, sales was INR 1,386.08 million compared to INR 1,352.95 million a year ago. Revenue was INR 1,393.66 million compared to INR 1,359.56 million a year ago. Net income was INR 108.75 million compared to INR 133.88 million a year ago. Basic earnings per share from continuing operations was INR 5.73 compared to INR 7.08 a year ago. Diluted earnings per share from continuing operations was INR 5.73 compared to INR 7.08 a year ago.