M M Forgings 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 3,874.2 million compared to INR 3,223.7 million a year ago. Revenue was INR 3,930.1 million compared to INR 3,279.6 million a year ago. Net income was INR 306.3 million compared to INR 74.6 million a year ago. Basic earnings per share from continuing operations was INR 12.75 compared to INR 3.48 a year ago. Diluted earnings per share from continuing operations was INR 12.75 compared to INR 3.48 a year ago.
For the full year, sales was INR 14,477.1 million compared to INR 11,229.7 million a year ago. Revenue was INR 14,739.2 million compared to INR 11,538.6 million a year ago. Net income was INR 1,275 million compared to INR 895.2 million a year ago. Basic earnings per share from continuing operations was INR 53 compared to INR 37.69 a year ago. Diluted earnings per share from continuing operations was INR 53 compared to INR 37.69 a year ago.