India Steel Works Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 12.31 million compared to INR 66.62 million a year ago. Revenue was INR 25.43 million compared to INR 67.9 million a year ago. Net loss was INR 105.09 million compared to INR 351 million a year ago. Basic loss per share from continuing operations was INR 0.26 compared to INR 0.88 a year ago. Diluted loss per share from continuing operations was INR 0.26 compared to INR 0.88 a year ago.
For the full year, sales was INR 47.06 million compared to INR 238.08 million a year ago. Revenue was INR 66 million compared to INR 327.78 million a year ago. Net loss was INR 359.22 million compared to INR 506.84 million a year ago. Basic loss per share from continuing operations was INR 0.9 compared to INR 1.27 a year ago. Diluted loss per share from continuing operations was INR 0.9 compared to INR 1.27 a year ago.