Arvee Laboratories (India) Ltd. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 89.1 million compared to INR 227.38 million a year ago. Revenue was INR 90.01 million compared to INR 228 million a year ago. Net income was INR 2.11 million compared to INR 20.48 million a year ago. Basic earnings per share from continuing operations was INR 0.19 compared to INR 1.86 a year ago. Diluted earnings per share from continuing operations was INR 0.19 compared to INR 1.86 a year ago.
For the six months, sales was INR 165.06 million compared to INR 409.17 million a year ago. Revenue was INR 166.88 million compared to INR 410.02 million a year ago. Net income was INR 6.98 million compared to INR 31.89 million a year ago. Basic earnings per share from continuing operations was INR 0.63 compared to INR 2.89 a year ago. Diluted earnings per share from continuing operations was INR 0.63 compared to INR 2.89 a year ago.