Ganga Forging Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 81.32 million compared to INR 81.21 million a year ago. Revenue was INR 81.32 million compared to INR 81.44 million a year ago. Net income was INR 0.662 million compared to INR 6.65 million a year ago. Basic earnings per share from continuing operations was INR 0.01 compared to INR 0.06 a year ago. Diluted earnings per share from continuing operations was INR 0.01 compared to INR 0.06 a year ago.
For the nine months, sales was INR 249.72 million compared to INR 211.73 million a year ago. Revenue was INR 250.43 million compared to INR 212.02 million a year ago. Net income was INR 2.88 million compared to INR 19.26 million a year ago. Basic earnings per share from continuing operations was INR 0.03 compared to INR 0.18 a year ago. Diluted earnings per share from continuing operations was INR 0.03 compared to INR 0.18 a year ago.