Samrat Forgings Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 335.81 million compared to INR 396.25 million a year ago. Revenue was INR 338.27 million compared to INR 397.15 million a year ago. Net income was INR 1.14 million compared to INR 12.37 million a year ago. Basic earnings per share from continuing operations was INR 0.23 compared to INR 2.47 a year ago. Diluted earnings per share from continuing operations was INR 0.23 compared to INR 2.47 a year ago.
For the nine months, sales was INR 1,225.79 million compared to INR 1,360.89 million a year ago. Revenue was INR 1,230.47 million compared to INR 1,362.36 million a year ago. Net income was INR 23.31 million compared to INR 38.12 million a year ago. Basic earnings per share from continuing operations was INR 4.66 compared to INR 7.62 a year ago. Diluted earnings per share from continuing operations was INR 4.66 compared to INR 7.62 a year ago.