Akshar Spintex 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 435.68 million compared to INR 187.77 million a year ago. Revenue was INR 444.32 million compared to INR 189 million a year ago. Net income was INR 9.01 million compared to net loss of INR 77.57 million a year ago. Basic earnings per share from continuing operations was INR 0.0333 compared to basic loss per share from continuing operations of INR 0.2583 a year ago. Diluted earnings per share from continuing operations was INR 0.0333 compared to diluted loss per share from continuing operations of INR 0.2583 a year ago.
For the six months, sales was INR 820.17 million compared to INR 671.08 million a year ago. Revenue was INR 837.51 million compared to INR 680.11 million a year ago. Net income was INR 18.02 million compared to net loss of INR 66.76 million a year ago. Basic earnings per share from continuing operations was INR 0.0583 compared to basic loss per share from continuing operations of INR 0.225 a year ago. Diluted earnings per share from continuing operations was INR 0.0583 compared to diluted loss per share from continuing operations of INR 0.225 a year ago.