Chennai Ferrous Industries Limited reported earnings results for the fourth quarter ended March 31, 2023. For the fourth quarter, the company reported sales was INR 348.04 million compared to INR 546.37 million a year ago. Revenue was INR 348.04 million compared to INR 547.12 million a year ago.

Net loss was INR 11.04 million compared to net income of INR 110.96 million a year ago. Basic loss per share from continuing operations was INR 3.06 compared to basic earnings per share from continuing operations of INR 30.78 a year ago.