Rainbow Foundations 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 79.28 million compared to INR 221.66 million a year ago. Revenue was INR 93.27 million compared to INR 222.26 million a year ago. Net income was INR 2.85 million compared to INR 2.69 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to INR 0.49 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to INR 0.49 a year ago.
For the six months, sales was INR 147.66 million compared to INR 278.43 million a year ago. Revenue was INR 172.88 million compared to INR 287.48 million a year ago. Net income was INR 10.55 million compared to INR 0.219 million a year ago. Basic earnings per share from continuing operations was INR 0.24 compared to INR 0.04 a year ago. Diluted earnings per share from continuing operations was INR 0.24 compared to INR 0.04 a year ago.