Chennai Ferrous Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 29.46 million compared to INR 362.45 million a year ago. Revenue was INR 50.63 million compared to INR 369.48 million a year ago. Net income was INR 16.27 million compared to INR 3.72 million a year ago. Basic earnings per share from continuing operations was INR 4.51 compared to INR 1.03 a year ago.
For the six months, sales was INR 976.73 million compared to INR 662.54 million a year ago. Revenue was INR 1,007.47 million compared to INR 676.46 million a year ago. Net income was INR 30.4 million compared to INR 40.52 million a year ago. Basic earnings per share from continuing operations was INR 8.43 compared to INR 11.24 a year ago.