Balu Forge Industries 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 605.56 million compared to INR 739.78 million a year ago. Revenue was INR 671.35 million compared to INR 747.07 million a year ago. Net income was INR 48.25 million compared to INR 70.41 million a year ago. Basic earnings per share from continuing operations was INR 0.58 compared to INR 0.95 a year ago. Diluted earnings per share from continuing operations was INR 0.58 compared to INR 0.85 a year ago.
For the six months, sales was INR 1,109.52 million compared to INR 1,223.81 million a year ago. Revenue was INR 1,229.41 million compared to INR 1,248.54 million a year ago. Net income was INR 122.23 million compared to INR 109.09 million a year ago. Basic earnings per share from continuing operations was INR 1.48 compared to INR 1.49 a year ago. Diluted earnings per share from continuing operations was INR 1.48 compared to INR 1.33 a year ago.