M M Forgings 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 3,708.06 million compared to INR 2,931.27 million a year ago. Revenue was INR 3,762.73 million compared to INR 2,991.72 million a year ago. Net income was INR 357.97 million compared to INR 288.93 million a year ago. Basic earnings per share from continuing operations was INR 14.83 compared to INR 12.18 a year ago. Diluted earnings per share from continuing operations was INR 14.83 compared to INR 12.18 a year ago.
For the nine months, sales was INR 10,602.92 million compared to INR 8,011.75 million a year ago. Revenue was INR 10,809.15 million compared to INR 8,264.84 million a year ago. Net income was INR 968.72 million compared to INR 788.69 million a year ago. Basic earnings per share from continuing operations was INR 40.25 compared to INR 32.89 a year ago. Diluted earnings per share from continuing operations was INR 40.25 compared to INR 32.89 a year ago.