Davangere Sugar Company 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 269.18 million compared to INR 509.25 million a year ago. Revenue was INR 272.38 million compared to INR 514.34 million a year ago. Net income was INR 9.68 million compared to INR 15.2 million a year ago. Basic earnings per share from continuing operations was INR 0.1 compared to INR 0.27 a year ago. Diluted earnings per share from continuing operations was INR 0.1 compared to INR 0.27 a year ago.
For the six months, sales was INR 746.48 million compared to INR 971.11 million a year ago. Revenue was INR 786.86 million compared to INR 988.23 million a year ago. Net income was INR 20.72 million compared to INR 23.4 million a year ago. Basic earnings per share from continuing operations was INR 0.22 compared to INR 0.42 a year ago. Diluted earnings per share from continuing operations was INR 0.22 compared to INR 0.42 a year ago.