Tirupati Forge Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 167.78 million compared to INR 274.99 million a year ago. Revenue was INR 170.21 million compared to INR 276.51 million a year ago. Net income was INR 10.17 million compared to INR 30.67 million a year ago. Basic earnings per share from continuing operations was INR 0.1 compared to INR 0.31 a year ago.
For the nine months, sales was INR 686.4 million compared to INR 582.41 million a year ago. Revenue was INR 701.23 million compared to INR 587.61 million a year ago. Net income was INR 72.88 million compared to INR 41.67 million a year ago. Basic earnings per share from continuing operations was INR 0.74 compared to INR 0.43 a year ago.