Ponni Sugars (Erode) 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 1,278.4 million compared to INR 1,495.1 million a year ago. Revenue was INR 1,298.3 million compared to INR 1,579.2 million a year ago. Net income was INR 149.9 million compared to INR 217.3 million a year ago. Basic earnings per share from continuing operations was INR 17.43 compared to INR 25.27 a year ago. Diluted earnings per share from continuing operations was INR 17.43 compared to INR 25.27 a year ago.
For the six months, sales was INR 2,255.7 million compared to INR 2,339.8 million a year ago. Revenue was INR 2,371.5 million compared to INR 2,460.1 million a year ago. Net income was INR 216.5 million compared to INR 238.9 million a year ago. Basic earnings per share from continuing operations was INR 25.17 compared to INR 27.78 a year ago. Diluted earnings per share from continuing operations was INR 25.17 compared to INR 27.78 a year ago.