Balu Forge Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported revenue was INR 814.86 million compared to INR 428.27 million a year ago. Net income was INR 83.02 million compared to INR 14.94 million a year ago. Basic earnings per share from continuing operations was INR 1.12 compared to INR 0.27 a year ago. Diluted earnings per share from continuing operations was INR 1 compared to INR 0.26 a year ago.
For the nine months, revenue was INR 2,063.4 million compared to INR 987.61 million a year ago. Net income was INR 192.11 million compared to INR 34.48 million a year ago. Basic earnings per share from continuing operations was INR 2.61 compared to INR 0.63 a year ago. Diluted earnings per share from continuing operations was INR 2.32 compared to INR 0.6 a year ago.