Somi Conveyor Beltings 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 281.5 million compared to INR 196.32 million a year ago. Revenue was INR 282.92 million compared to INR 196.72 million a year ago. Net income was INR 12.95 million compared to INR 6.59 million a year ago. Basic earnings per share from continuing operations was INR 1.1 compared to INR 0.56 a year ago. Diluted earnings per share from continuing operations was INR 1.1 compared to INR 0.56 a year ago.
For the six months, sales was INR 449.13 million compared to INR 330.26 million a year ago. Revenue was INR 451.2 million compared to INR 331.32 million a year ago. Net income was INR 19.06 million compared to INR 10.28 million a year ago. Basic earnings per share from continuing operations was INR 1.62 compared to INR 0.87 a year ago. Diluted earnings per share from continuing operations was INR 1.62 compared to INR 0.87 a year ago.