Shyam Century Ferrous Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 395.74 million compared to INR 559.5 million a year ago. Revenue was INR 414.36 million compared to INR 573.39 million a year ago. Net income was INR 57.99 million compared to INR 151.25 million a year ago. Basic earnings per share from continuing operations was INR 0.27 compared to INR 0.68 a year ago. Diluted earnings per share from continuing operations was INR 0.27 compared to INR 0.68 a year ago.
For the nine months, sales was INR 1,146.73 million compared to INR 1,460.59 million a year ago. Revenue was INR 1,207.65 million compared to INR 1,498.3 million a year ago. Net income was INR 193.49 million compared to INR 356.5 million a year ago. Basic earnings per share from continuing operations was INR 0.91 compared to INR 1.6 a year ago. Diluted earnings per share from continuing operations was INR 0.91 compared to INR 1.6 a year ago.