India Steel Works Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 6 million compared to INR 91.02 million a year ago. Revenue was INR 6.61 million compared to INR 119.34 million a year ago. Net loss was INR 75.54 million compared to INR 41.34 million a year ago. Basic loss per share from continuing operations was INR 0.19 compared to INR 0.1 a year ago. Diluted loss per share from continuing operations was INR 0.19 compared to INR 0.1 a year ago.
For the nine months, sales was INR 34.75 million compared to INR 171.46 million a year ago. Revenue was INR 40.57 million compared to INR 259.87 million a year ago. Net loss was INR 254.13 million compared to INR 155.85 million a year ago. Basic loss per share from continuing operations was INR 0.64 compared to INR 0.39 a year ago. Diluted loss per share from continuing operations was INR 0.64 compared to INR 0.39 a year ago.