Nitin Spinners 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 5,058.82 million compared to INR 6,646.65 million a year ago. Revenue was INR 5,067.18 million compared to INR 6,653.22 million a year ago. Net income was INR 291.12 million compared to INR 873.93 million a year ago. Basic earnings per share from continuing operations was INR 5.18 compared to INR 15.54 a year ago. Diluted earnings per share from continuing operations was INR 5.18 compared to INR 15.54 a year ago.
For the six months, sales was INR 12,147.14 million compared to INR 12,183.08 million a year ago. Revenue was INR 12,163.7 million compared to INR 12,191.88 million a year ago. Net income was INR 946.92 million compared to INR 1,474.06 million a year ago. Basic earnings per share from continuing operations was INR 16.84 compared to INR 26.22 a year ago. Diluted earnings per share from continuing operations was INR 16.84 compared to INR 26.22 a year ago.