Bharat Gears 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 1,893.5 million compared to INR 1,874.4 million a year ago. Revenue was INR 1,933.4 million compared to INR 1,879.1 million a year ago. Net income was INR 25.9 million compared to INR 61.4 million a year ago. Basic earnings per share from continuing operations was INR 1.69 compared to INR 4.22 a year ago.
For the nine months, sales was INR 5,868.7 million compared to INR 5,387.5 million a year ago. Revenue was INR 5,951.6 million compared to INR 5,407.7 million a year ago. Net income was INR 126.5 million compared to INR 204.8 million a year ago. Basic earnings per share from continuing operations was INR 8.24 compared to INR 14.19 a year ago.