Bharat Gears 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 1,790.2 million compared to INR 2,135.5 million a year ago. Revenue was INR 1,797.6 million compared to INR 2,154.7 million a year ago. Net loss was INR 17.3 million compared to net income of INR 57.6 million a year ago. Basic loss per share from continuing operations was INR 1.13 compared to basic earnings per share from continuing operations of INR 3.75 a year ago.
For the six months, sales was INR 3,495 million compared to INR 3,975.2 million a year ago. Revenue was INR 3,506.5 million compared to INR 4,018.2 million a year ago. Net loss was INR 24.9 million compared to net income of INR 100.6 million a year ago. Basic loss per share from continuing operations was INR 1.62 compared to basic earnings per share from continuing operations of INR 6.55 a year ago.