Zenith Steel Pipes & Industries 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 435.54 million compared to INR 154.6 million a year ago. Revenue was INR 464.66 million compared to INR 200.5 million a year ago. Net income was INR 21.62 million compared to net loss of INR 86.7 million a year ago. Basic earnings per share from continuing operations was INR 0.17 compared to INR 0.15 a year ago. Basic earnings per share was INR 0.15 compared to basic loss per share of INR 0.61 a year ago.
For the nine months, sales was INR 1,048.16 million compared to INR 507.2 million a year ago. Revenue was INR 1,082.16 million compared to INR 559.9 million a year ago. Net loss was INR 30.61 million compared to INR 198.2 million a year ago. Basic loss per share from continuing operations was INR 0.16 compared to INR 0.52 a year ago. Basic loss per share was INR 0.2 compared to INR 1.51 a year ago.