Indian Metals and Ferro Alloys 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 6,236.2 million compared to INR 6,552.2 million a year ago. Revenue was INR 6,318.4 million compared to INR 6,582.1 million a year ago. Net income was INR 108.7 million compared to INR 1,221.2 million a year ago. Basic earnings per share from continuing operations was INR 2.01 compared to INR 22.66 a year ago.
For the nine months, sales was INR 20,394.9 million compared to INR 18,462.4 million a year ago. Revenue was INR 20,589.9 million compared to INR 18,580.9 million a year ago. Net income was INR 1,612.4 million compared to INR 3,646.6 million a year ago. Basic earnings per share from continuing operations was INR 29.89 compared to INR 67.66 a year ago.