Nova Iron & Steel Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 1,863.53 million compared to INR 1,263.38 million a year ago. Revenue was INR 1,868.79 million compared to INR 1,271.29 million a year ago.

Net income was INR 20.78 million compared to INR 177.39 million a year ago. Basic earnings per share from continuing operations was INR 0.68 compared to INR 4.91 a year ago. Diluted earnings per share from continuing operations was INR 0.58 compared to INR 4.91 a year ago.