Fedders Electric and Engineering 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 202.2 million compared to INR 44.3 million a year ago. Revenue was INR 252.9 million compared to INR 44.3 million a year ago. Net income was INR 70.3 million compared to net loss of INR 142.3 million a year ago. Basic earnings per share from continuing operations was INR 2.34 compared to basic loss per share from continuing operations of INR 4.19 a year ago. Diluted earnings per share from continuing operations was INR 2.34 compared to diluted loss per share from continuing operations of INR 4.19 a year ago.
For the six months, sales was INR 342.7 million compared to INR 67.7 million a year ago. Revenue was INR 404.3 million compared to INR 67.9 million a year ago. Net income was INR 62.5 million compared to net loss of INR 286.2 million a year ago. Basic earnings per share from continuing operations was INR 2.08 compared to basic loss per share from continuing operations of INR 8.42 a year ago. Diluted earnings per share from continuing operations was INR 2.08 compared to diluted loss per share from continuing operations of INR 8.42 a year ago.