Bharat Gears Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,794.9 million compared to INR 1,906.9 million a year ago. Revenue was INR 1,799.6 million compared to INR 1,922 million a year ago. Net income was INR 8.4 million compared to INR 53.6 million a year ago. Basic earnings per share from continuing operations was INR 0.54 compared to INR 3.49 a year ago.
For the full year, sales was INR 7,663.6 million compared to INR 7,294.4 million a year ago. Revenue was INR 7,751.2 million compared to INR 7,329.7 million a year ago. Net income was INR 134.9 million compared to INR 258.4 million a year ago. Basic earnings per share from continuing operations was INR 8.78 compared to INR 17.62 a year ago.