Garg Furnace Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 653.98 million compared to INR 533.8 million a year ago. Revenue was INR 654.78 million compared to INR 534.41 million a year ago. Net income was INR 17.05 million compared to INR 5.33 million a year ago. Basic earnings per share from continuing operations was INR 4.25 compared to INR 1.33 a year ago.
For the nine months, sales was INR 1,870.09 million compared to INR 1,758.97 million a year ago. Revenue was INR 1,871.68 million compared to INR 1,760.62 million a year ago. Net income was INR 27.3 million compared to INR 20.9 million a year ago. Basic earnings per share from continuing operations was INR 6.81 compared to INR 5.21 a year ago.