Chennai Ferrous Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 195.6 million compared to INR 324.69 million a year ago. Revenue was INR 217.3 million compared to INR 33,727.2 million a year ago. Net income was INR 5.01 million compared to net loss of INR 11.04 million a year ago. Basic earnings per share from continuing operations was INR 1.39 compared to basic loss per share from continuing operations of INR 3.06 a year ago.
For the full year, sales was INR 1,364.23 million compared to INR 1,389.03 million a year ago. Revenue was INR 1,430.24 million compared to INR 1,422.98 million a year ago. Net income was INR 27.92 million compared to INR 32.94 million a year ago. Basic earnings per share from continuing operations was INR 7.74 compared to INR 9.14 a year ago.