Wheels India 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 12,837.8 million compared to INR 11,845 million a year ago. Revenue was INR 12,881.7 million compared to INR 11,846.8 million a year ago. Net income was INR 43.5 million compared to INR 113.6 million a year ago. Basic earnings per share from continuing operations was INR 1.78 compared to INR 4.65 a year ago. Diluted earnings per share from continuing operations was INR 1.78 compared to INR 4.65 a year ago.
For the six months, sales was INR 24,954.1 million compared to INR 23,114.9 million a year ago. Revenue was INR 25,019 million compared to INR 23,153.7 million a year ago. Net income was INR 141.4 million compared to INR 210.3 million a year ago. Basic earnings per share from continuing operations was INR 5.79 compared to INR 8.61 a year ago. Diluted earnings per share from continuing operations was INR 5.79 compared to INR 8.61 a year ago.