Bimetal Bearings 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 590.02 million compared to INR 617.46 million a year ago. Revenue was INR 602.37 million compared to INR 639.52 million a year ago. Net income was INR 29.54 million compared to INR 46.52 million a year ago. Basic earnings per share from continuing operations was INR 7.72 compared to INR 12.16 a year ago. Diluted earnings per share from continuing operations was INR 7.72 compared to INR 12.16 a year ago.
For the six months, sales was INR 1,178.34 million compared to INR 1,156.6 million a year ago. Revenue was INR 1,208.98 million compared to INR 1,187.56 million a year ago. Net income was INR 65.92 million compared to INR 67.47 million a year ago. Basic earnings per share from continuing operations was INR 17.23 compared to INR 17.64 a year ago. Diluted earnings per share from continuing operations was INR 17.23 compared to INR 17.64 a year ago.