VBC Ferro Alloys Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 359.79 million compared to INR 0.929 million a year ago. Revenue was INR 370.76 million compared to INR 2.82 million a year ago. Net income was INR 1.22 million compared to net loss of INR 16.28 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to basic loss per share from continuing operations of INR 0.99 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to diluted loss per share from continuing operations of INR 0.99 a year ago.
For the six months, sales was INR 916.89 million compared to INR 4.27 million a year ago. Revenue was INR 935.56 million compared to INR 6.18 million a year ago. Net income was INR 38.37 million compared to net loss of INR 34.17 million a year ago. Basic earnings per share from continuing operations was INR 2.34 compared to basic loss per share from continuing operations of INR 2.08 a year ago. Diluted earnings per share from continuing operations was INR 2.34 compared to diluted loss per share from continuing operations of INR 2.08 a year ago.