Vishal Bearings 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 287.86 million compared to INR 300.1 million a year ago. Revenue was INR 287.88 million compared to INR 302.65 million a year ago. Net income was INR 3.18 million compared to INR 14.7 million a year ago. Basic earnings per share from continuing operations was INR 0.48 compared to INR 1.6 a year ago. Diluted earnings per share from continuing operations was INR 0.48 compared to INR 1.6 a year ago.
For the six months, sales was INR 562.45 million compared to INR 540.26 million a year ago. Revenue was INR 570.1 million compared to INR 543.21 million a year ago. Net income was INR 14.45 million compared to INR 5.92 million a year ago. Basic earnings per share from continuing operations was INR 1.81 compared to INR 0.48 a year ago. Diluted earnings per share from continuing operations was INR 1.81 compared to INR 0.48 a year ago.