Panchmahal Steel Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 1,763.72 million compared to INR 917.32 million a year ago. Revenue was INR 1,787.92 million compared to INR 934.78 million a year ago. Net income was INR 182.86 million compared to INR 42.83 million a year ago. Basic earnings per share from continuing operations was INR 9.58 compared to INR 2.25 a year ago. Diluted earnings per share from continuing operations was INR 9.58 compared to INR 2.25 a year ago.
For the nine months, sales was INR 4,288.2 million compared to INR 2,282.56 million a year ago. Revenue was INR 4,330.81 million compared to INR 2,307.52 million a year ago. Net income was INR 437.82 million compared to net loss of INR 12.12 million a year ago. Basic earnings per share from continuing operations was INR 22.95 compared to basic loss per share from continuing operations of INR 0.64 a year ago. Diluted earnings per share from continuing operations was INR 22.95 compared to diluted loss per share from continuing operations of INR 0.64 a year ago.