Ganga Forging 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 92.09 million compared to INR 77.42 million a year ago. Revenue was INR 92.8 million compared to INR 84.82 million a year ago. Net income was INR 0.941 million compared to INR 8.86 million a year ago. Basic earnings per share from continuing operations was INR 0.01 compared to INR 0.08 a year ago. Diluted earnings per share from continuing operations was INR 0.01 compared to INR 0.08 a year ago.
For the six months, sales was INR 168.4 million compared to INR 130.52 million a year ago. Revenue was INR 169.11 million compared to INR 142 million a year ago. Net income was INR 2.22 million compared to INR 12.61 million a year ago. Basic earnings per share from continuing operations was INR 0.02 compared to INR 0.12 a year ago. Diluted earnings per share from continuing operations was INR 0.02 compared to INR 0.12 a year ago.