Welspun Corp. 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 40,594.5 million compared to INR 19,638.1 million a year ago. Revenue was INR 41,614.1 million compared to INR 21,401.4 million a year ago. Net income was INR 3,846.7 million compared to net loss of INR 565.9 million a year ago. Basic earnings per share from continuing operations was INR 14.71 compared to basic loss per share from continuing operations of INR 2.16 a year ago. Diluted earnings per share from continuing operations was INR 14.67 compared to diluted loss per share from continuing operations of INR 2.16 a year ago.
For the six months, sales was INR 81,287.2 million compared to INR 32,856.3 million a year ago. Revenue was INR 32,201.9 million compared to INR 35,353.7 million a year ago. Net income was INR 5,500.6 million compared to net loss of INR 524.8 million a year ago. Basic earnings per share from continuing operations was INR 21.03 compared to basic loss per share from continuing operations of INR 2.01 a year ago. Diluted earnings per share from continuing operations was INR 20.98 compared to diluted loss per share from continuing operations of INR 2.01 a year ago.