Inducto Steels 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 433.27 million compared to INR 51.99 million a year ago. Revenue was INR 436.25 million compared to INR 53.06 million a year ago. Net income was INR 9.06 million compared to net loss of INR 1.74 million a year ago. Basic earnings per share from continuing operations was INR 2.25 compared to basic loss per share from continuing operations of INR 0.43 a year ago. Diluted earnings per share from continuing operations was INR 2.25 compared to diluted loss per share from continuing operations of INR 0.43 a year ago.
For the six months, sales was INR 610.66 million compared to INR 359.14 million a year ago. Revenue was INR 626.66 million compared to INR 361.23 million a year ago. Net income was INR 2.06 million compared to INR 1.17 million a year ago. Basic earnings per share from continuing operations was INR 0.51 compared to INR 0.29 a year ago. Diluted earnings per share from continuing operations was INR 0.51 compared to INR 0.29 a year ago.