Nova Iron & Steel 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 1,662 million compared to INR 1,485.36 million a year ago. Revenue was INR 1,672.4 million compared to INR 1,487.78 million a year ago. Net loss was INR 147.8 million compared to INR 142.27 million a year ago. Basic loss per share from continuing operations was INR 4.09 compared to INR 3.94 a year ago. Diluted loss per share from continuing operations was INR 4.09 compared to INR 3.94 a year ago.
For the nine months, sales was INR 5,119.44 million compared to INR 4,299.94 million a year ago. Revenue was INR 5,139.24 million compared to INR 4,318 million a year ago. Net loss was INR 134.45 million compared to INR 153.18 million a year ago. Basic loss per share from continuing operations was INR 3.72 compared to INR 4.24 a year ago. Diluted loss per share from continuing operations was INR 3.72 compared to INR 4.24 a year ago.