Chennai Ferrous Industries 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 401.91 million compared to INR 280.82 million a year ago. Revenue was INR 409.14 million compared to INR 280.99 million a year ago. Net income was INR 3.46 million compared to INR 81.45 million a year ago. Basic earnings per share from continuing operations was INR 0.96 compared to INR 22.6 a year ago.
For the nine months, sales was INR 1,064.45 million compared to INR 412.24 million a year ago. Revenue was INR 1,085.6 million compared to INR 412.42 million a year ago. Net income was INR 43.98 million compared to INR 142.07 million a year ago. Basic earnings per share from continuing operations was INR 12.2 compared to INR 39.42 a year ago.