Shyam Century Ferrous Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 265.69 million compared to INR 431.08 million a year ago. Revenue was INR 291.14 million compared to INR 454.3 million a year ago. Net loss was INR 8.71 million compared to net income of INR 64.88 million a year ago. Basic loss per share from continuing operations was INR 0.04 compared to basic earnings per share from continuing operations of INR 0.29 a year ago. Diluted loss per share from continuing operations was INR 0.04 compared to diluted earnings per share from continuing operations of INR 0.29 a year ago.
For the six months, sales was INR 655.24 million compared to INR 750.99 million a year ago. Revenue was INR 701.33 million compared to INR 793.29 million a year ago. Net income was INR 12.29 million compared to INR 135.5 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to INR 0.61 a year ago. Diluted earnings per share from continuing operations was INR 0.06 compared to INR 0.61 a year ago.