Garg Furnace Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 623.47 million compared to INR 478.46 million a year ago. Revenue was INR 623.87 million compared to INR 481.35 million a year ago. Net income was INR 38.49 million compared to INR 24.83 million a year ago. Basic earnings per share from continuing operations was INR 9.6 compared to INR 6.19 a year ago. Diluted earnings per share from continuing operations was INR 9.6 compared to INR 6.19 a year ago.
For the full year, sales was INR 2,382.44 million compared to INR 1,785.97 million a year ago. Revenue was INR 2,384.49 million compared to INR 1,790.18 million a year ago. Net income was INR 59.4 million compared to INR 63.23 million a year ago. Basic earnings per share from continuing operations was INR 14.82 compared to INR 15.77 a year ago. Diluted earnings per share from continuing operations was INR 14.82 compared to INR 15.77 a year ago.