Modern Steels Limited reported earnings results for the fourth quarter ended March 31, 2023. For the fourth quarter, the company reported revenue was INR 27.7 million compared to INR 891.3 million a year ago. Net income was INR 24.8 million compared to INR 800.2 million a year ago.

Basic earnings per share from continuing operations was INR 1.8 compared to INR 58.14 a year ago. Diluted earnings per share from continuing operations was INR 1.8 compared to INR 58.14 a year ago.