H.P. Cotton Textile Mills 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 224.9 million compared to INR 182 million a year ago. Revenue was INR 230.7 million compared to INR 187 million a year ago. Net income was INR 53.4 million compared to net loss of INR 22.3 million a year ago. Basic earnings per share from continuing operations was INR 13.66 compared to basic loss per share from continuing operations of INR 5.77 a year ago. Diluted earnings per share from continuing operations was INR 13.66 compared to diluted loss per share from continuing operations of INR 5.77 a year ago.
For the six months, sales was INR 487.8 million compared to INR 380 million a year ago. Revenue was INR 497.1 million compared to INR 393.8 million a year ago. Net income was INR 44.1 million compared to net loss of INR 36.4 million a year ago. Basic earnings per share from continuing operations was INR 11.31 compared to basic loss per share from continuing operations of INR 9.41 a year ago. Diluted earnings per share from continuing operations was INR 11.31 compared to diluted loss per share from continuing operations of INR 9.41 a year ago.