Inducto Steels Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 222.48 million compared to INR 393.81 million a year ago. Revenue was INR 223.91 million compared to INR 404.36 million a year ago. Net income was INR 1.24 million compared to INR 1.56 million a year ago. Basic earnings per share from continuing operations was INR 0.31 compared to INR 0.39 a year ago. Diluted earnings per share from continuing operations was INR 0.31 compared to INR 0.39 a year ago.
For the nine months, sales was INR 833.14 million compared to INR 752.95 million a year ago. Revenue was INR 850.58 million compared to INR 759.02 million a year ago. Net income was INR 3.3 million compared to INR 2.73 million a year ago. Basic earnings per share from continuing operations was INR 0.82 compared to INR 0.68 a year ago. Diluted earnings per share from continuing operations was INR 0.82 compared to INR 0.68 a year ago.