Modern Steels Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 340.2 million compared to INR 201.9 million a year ago. Revenue was INR 340.8 million compared to INR 205.2 million a year ago. Net loss was INR 13.8 million compared to INR 85.9 million a year ago. Basic loss per share from continuing operations was INR 1.01 compared to INR 6.24 a year ago. Diluted loss per share from continuing operations was INR 1.01 compared to INR 6.24 a year ago.
For the six months, sales was INR 654.5 million compared to INR 229.4 million a year ago. Revenue was INR 655.7 million compared to INR 233.8 million a year ago. Net loss was INR 28.1 million compared to INR 151.4 million a year ago. Basic loss per share from continuing operations was INR 2.05 compared to INR 11 a year ago. Diluted loss per share from continuing operations was INR 2.05 compared to INR 11 a year ago.