D P Wires Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 08, 2022 at 04:37 pm IST
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D P Wires 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 2,839.63 million compared to INR 1,322.16 million a year ago. Revenue was INR 2,850.74 million compared to INR 1,327.83 million a year ago. Net income was INR 90.3 million compared to INR 59.72 million a year ago. Basic earnings per share from continuing operations was INR 5.8275 compared to INR 3.85 a year ago. Diluted earnings per share from continuing operations was INR 5.8275 compared to INR 3.85 a year ago.
For the six months, sales was INR 4,843.82 million compared to INR 2,745.62 million a year ago. Revenue was INR 4,860.46 million compared to INR 2,754.25 million a year ago. Net income was INR 166.41 million compared to INR 136.34 million a year ago. Basic earnings per share from continuing operations was INR 10.7275 compared to INR 8.7938 a year ago. Diluted earnings per share from continuing operations was INR 10.7275 compared to INR 8.7938 a year ago.
D P Wires Limited is an India-based company, which is engaged in manufacturing and supplying of steel wires, plastic pipes, and plastic films. The Company's products include low relaxation prestressed concrete (LRPC) Strands, induction tempered wire, steel wire and geomembrane sheet. The Company's products are used in oil & gas, power, environment, civil, energy, automobile, infrastructure, and others. Its products also include polyethylene (PE) film, plastic films, pond-lining film, high-density polyethylene (HDPE) film, cap covers, wires and others. Its products are sold in various countries, such as Nepal, Oman, Doha, Muscat, Sri Lanka, and others. The Company is also engaged in power generation through its two wind farms of 0.80 megawatt (MW) each in village Okha-Madhi and Jodhpur in Jamnagar district.