KDDL Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 14, 2023 at 07:11 pm IST
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KDDL 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 3,397 million compared to INR 2,601.3 million a year ago. Revenue was INR 3,457.1 million compared to INR 2,648.4 million a year ago. Net income was INR 254.3 million compared to INR 14 million a year ago. Basic earnings per share from continuing operations was INR 20.29 compared to INR 1.1 a year ago. Diluted earnings per share from continuing operations was INR 20.29 compared to INR 1.1 a year ago.
For the six months, sales was INR 6,712.2 million compared to INR 5,074 million a year ago. Revenue was INR 6,831.8 million compared to INR 5,152.7 million a year ago. Net income was INR 512.3 million compared to INR 146 million a year ago. Basic earnings per share from continuing operations was INR 40.86 compared to INR 11.47 a year ago. Diluted earnings per share from continuing operations was INR 40.86 compared to INR 11.47 a year ago.
KDDL Limited is an India-based engineering company. The Company is engaged in manufacturing of watch components (watch dials and watch hands), precision engineering components and press tools. The Companyâs segments include Precision and watch components, Watch, accessories and other luxury items and related services, and Others. Its Precision and watch components segment is engaged in manufacturing and distribution of dials, watch hands and precision components. Its Watch, accessories and other luxury items and related services segment is engaged in the trading of watches and accessories. Its Others segment is engaged in manufacturing and distribution of packaging boxes. It also manages the retail chain luxury Swiss watches in the organized sector through its subsidiary, Ethos Limited. Its other subsidiaries include Mahen Distribution Limited, Pylania SA and ESTIMA AG. It has manufacturing facilities at Parwanoo (Himachal Pradesh), Derabassi (Punjab), and Bangalore (Karnataka).