Inducto Steels 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 393.81 million compared to INR 44.31 million a year ago. Revenue was INR 404.36 million compared to INR 45.21 million a year ago. Net income was INR 1.56 million compared to net loss of INR 0.613 million a year ago. Basic earnings per share from continuing operations was INR 0.39 compared to basic loss per share from continuing operations of INR 0.15 a year ago. Diluted earnings per share from continuing operations was INR 0.39 compared to diluted loss per share from continuing operations of INR 0.15 a year ago.
For the nine months, sales was INR 752.95 million compared to INR 238.63 million a year ago. Revenue was INR 759.02 million compared to INR 240.29 million a year ago. Net income was INR 2.73 million compared to INR 20.34 million a year ago. Basic earnings per share from continuing operations was INR 0.68 compared to INR 5.06 a year ago. Diluted earnings per share from continuing operations was INR 0.68 compared to INR 5.06 a year ago.