Modern Steels Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 273.2 million compared to INR 233.3 million a year ago. Revenue was INR 277.2 million compared to INR 248.1 million a year ago. Net income was INR 3.2 million compared to net loss of INR 105.5 million a year ago. Basic earnings per share from continuing operations was INR 0.23 compared to basic loss per share from continuing operations of INR 7.65 a year ago. Diluted earnings per share from continuing operations was INR 0.23 compared to diluted loss per share from continuing operations of INR 7.65 a year ago.
For the nine months, sales was INR 927.7 million compared to INR 462.8 million a year ago. Revenue was INR 932.9 million compared to INR 481.8 million a year ago. Net loss was INR 25.2 million compared to INR 256.9 million a year ago. Basic loss per share from continuing operations was INR 1.83 compared to INR 18.67 a year ago. Diluted loss per share from continuing operations was INR 1.83 compared to INR 18.67 a year ago.