Davangere Sugar Company 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 509.25 million compared to INR 145.15 million a year ago. Revenue was INR 514.34 million compared to INR 145.29 million a year ago. Net income was INR 15.23 million compared to net loss of INR 7.61 million a year ago. Basic earnings per share from continuing operations was INR 0.27 compared to basic loss per share from continuing operations of INR 0.14 a year ago. Diluted earnings per share from continuing operations was INR 0.27 compared to diluted loss per share from continuing operations of INR 0.14 a year ago.
For the six months, sales was INR 971.11 million compared to INR 338.48 million a year ago. Revenue was INR 988.23 million compared to INR 338.64 million a year ago. Net income was INR 23.44 million compared to net loss of INR 40.42 million a year ago. Basic earnings per share from continuing operations was INR 0.42 compared to basic loss per share from continuing operations of INR 0.73 a year ago. Diluted earnings per share from continuing operations was INR 0.42 compared to diluted loss per share from continuing operations of INR 0.73 a year ago.