Tirupati Forge 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 236.47 million compared to INR 265.35 million a year ago. Revenue was INR 238.98 million compared to INR 270.74 million a year ago. Net income was INR 15.28 million compared to INR 31.9 million a year ago. Basic earnings per share from continuing operations was INR 0.16 compared to INR 0.33 a year ago.
For the six months, sales was INR 445.29 million compared to INR 518.62 million a year ago. Revenue was INR 448.93 million compared to INR 531.02 million a year ago. Net income was INR 26.66 million compared to INR 62.71 million a year ago. Basic earnings per share from continuing operations was INR 0.27 compared to INR 0.64 a year ago.