Ovobel Foods 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 598.75 million compared to INR 300.61 million a year ago. Revenue was INR 598.75 million compared to INR 300.61 million a year ago. Net income was INR 110.96 million compared to net loss of INR 14.07 million a year ago. Basic earnings per share from continuing operations was INR 11.68 compared to basic loss per share from continuing operations of INR 1.34 a year ago. Diluted earnings per share from continuing operations was INR 11.68 compared to diluted loss per share from continuing operations of INR 1.34 a year ago.
For the six months, sales was INR 1,085.08 million compared to INR 550.6 million a year ago. Revenue was INR 1,085.08 million compared to INR 550.6 million a year ago. Net income was INR 146.22 million compared to net loss of INR 50.01 million a year ago. Basic earnings per share from continuing operations was INR 15.39 compared to basic loss per share from continuing operations of INR 4.76 a year ago. Diluted earnings per share from continuing operations was INR 15.39 compared to diluted loss per share from continuing operations of INR 4.76 a year ago.