The Hi-Tech Gears 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 2,775.55 million compared to INR 3,059.18 million a year ago. Revenue was INR 2,849.25 million compared to INR 3,164.56 million a year ago. Net income was INR 722.16 million compared to INR 35.28 million a year ago. Basic earnings per share from continuing operations was INR 38.48 compared to INR 1.88 a year ago. Diluted earnings per share from continuing operations was INR 38.38 compared to INR 1.88 a year ago.
For the six months, sales was INR 5,355.66 million compared to INR 5,897.47 million a year ago. Revenue was INR 5,515.16 million compared to INR 6,103.24 million a year ago. Net income was INR 815.15 million compared to INR 38.97 million a year ago. Basic earnings per share from continuing operations was INR 43.43 compared to INR 2.08 a year ago. Diluted earnings per share from continuing operations was INR 43.33 compared to INR 2.08 a year ago.