Samrat Forgings 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 453.36 million compared to INR 531.14 million a year ago. Revenue was INR 454.23 million compared to INR 53.12 million a year ago. Net income was INR 8.02 million compared to INR 15.12 million a year ago. Basic earnings per share from continuing operations was INR 1.6 compared to INR 3.02 a year ago. Diluted earnings per share from continuing operations was INR 1.6 compared to INR 3.02 a year ago.
For the six months, sales was INR 889.97 million compared to INR 964.64 million a year ago. Revenue was INR 892.2 million compared to INR 965.2 million a year ago. Net income was INR 22.16 million compared to INR 25.76 million a year ago. Basic earnings per share from continuing operations was INR 4.43 compared to INR 5.15 a year ago. Diluted earnings per share from continuing operations was INR 4.43 compared to INR 5.15 a year ago.