Forbes & Company 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 699.6 million compared to INR 644.2 million a year ago. Revenue was INR 735.6 million compared to INR 625.2 million a year ago. Net loss was INR 156.3 million compared to net income of INR 400.2 million a year ago. Basic earnings per share from continuing operations was INR 5.67 compared to INR 33.68 a year ago. Basic loss per share was INR 12.28 compared to basic earnings per share of INR 31.53 a year ago.
For the six months, sales was INR 1,289.7 million compared to INR 1,303 million a year ago. Revenue was INR 1,504 million compared to INR 3,359.4 million a year ago. Net income was INR 2.4 million compared to INR 1,858 million a year ago. Basic earnings per share from continuing operations was INR 18.56 compared to INR 156.23 a year ago. Basic earnings per share was INR 0.19 compared to INR 145.92 a year ago.