Venus Pipes and Tubes 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 1,913.55 million compared to INR 1,264.08 million a year ago. Revenue was INR 1,918.38 million compared to INR 1,273.73 million a year ago. Net income was INR 202.59 million compared to INR 103.91 million a year ago. Basic earnings per share from continuing operations was INR 9.98 compared to INR 5.31 a year ago. Diluted earnings per share from continuing operations was INR 9.98 compared to INR 5.31 a year ago.
For the six months, sales was INR 3,709.67 million compared to INR 2,400.09 million a year ago. Revenue was INR 3,720.05 million compared to INR 2,415.51 million a year ago. Net income was INR 376.65 million compared to INR 195.01 million a year ago. Basic earnings per share from continuing operations was INR 18.56 compared to INR 9.97 a year ago. Diluted earnings per share from continuing operations was INR 18.56 compared to INR 9.97 a year ago.