Indian Metals and Ferro Alloys 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 6,724.5 million compared to INR 6,531.6 million a year ago. Revenue was INR 6,768.8 million compared to INR 6,579.7 million a year ago. Net income was INR 163 million compared to INR 1,435.8 million a year ago. Basic earnings per share from continuing operations was INR 3.02 compared to INR 26.61 a year ago.
For the six months, sales was INR 14,158.7 million compared to INR 11,910.2 million a year ago. Revenue was INR 14,271.5 million compared to INR 11,998.8 million a year ago. Net income was INR 1,503.8 million compared to INR 2,425.4 million a year ago. Basic earnings per share from continuing operations was INR 27.87 compared to INR 44.95 a year ago.