Ganga Forging Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 85.48 million compared to INR 81.32 million a year ago. Revenue was INR 85.58 million compared to INR 81.32 million a year ago. Net income was INR 2.3 million compared to INR 0.662 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 nine months, sales was INR 269.77 million compared to INR 249.72 million a year ago. Revenue was INR 270.12 million compared to INR 250.43 million a year ago. Net income was INR 5.7 million compared to INR 2.88 million a year ago. Basic earnings per share from continuing operations was INR 0.05 compared to INR 0.03 a year ago. Diluted earnings per share from continuing operations was INR 0.04 compared to INR 0.03 a year ago.