Panchmahal Steel Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 1,081.17 million compared to INR 1,614.91 million a year ago. Revenue was INR 1,085.54 million compared to INR 1,628.53 million a year ago. Net loss was INR 34.89 million compared to net income of INR 191.48 million a year ago. Basic loss per share from continuing operations was INR 1.83 compared to basic earnings per share from continuing operations of INR 10.04 a year ago. Diluted loss per share from continuing operations was INR 1.83 compared to diluted earnings per share from continuing operations of INR 10.04 a year ago.
For the six months, sales was INR 2,429.78 million compared to INR 2,524.48 million a year ago. Revenue was INR 2,437.05 million compared to INR 2,542.89 million a year ago. Net income was INR 63.67 million compared to INR 254.96 million a year ago. Basic earnings per share from continuing operations was INR 3.34 compared to INR 13.36 a year ago. Diluted earnings per share from continuing operations was INR 3.34 compared to INR 13.36 a year ago.