Ganga Forging 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 85.7 million compared to INR 92.09 million a year ago. Revenue was INR 85.95 million compared to INR 92.8 million a year ago. Net income was INR 2.2 million compared to INR 0.941 million a year ago. Basic earnings per share from continuing operations was INR 0.02 compared to INR 0.01 a year ago. Diluted earnings per share from continuing operations was INR 0.02 compared to INR 0.01 a year ago.
For the six months, sales was INR 184.29 million compared to INR 168.4 million a year ago. Revenue was INR 184.54 million compared to INR 169.11 million a year ago. Net income was INR 3.41 million compared to INR 2.22 million a year ago. Basic earnings per share from continuing operations was INR 0.03 compared to INR 0.02 a year ago. Diluted earnings per share from continuing operations was INR 0.03 compared to INR 0.02 a year ago.