Indian Metals and Ferro Alloys 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 6,852.7 million compared to INR 6,236.2 million a year ago. Revenue was INR 6,950.2 million compared to INR 6,318.4 million a year ago. Net income was INR 1,086.9 million compared to INR 108.7 million a year ago. Basic earnings per share from continuing operations was INR 20.15 compared to INR 2.01 a year ago. Diluted earnings per share from continuing operations was INR 20.15 compared to INR 2.01 a year ago.
For the nine months, sales was INR 20,796.1 million compared to INR 20,394.9 million a year ago. Revenue was INR 21,108.8 million compared to INR 20,589.9 million a year ago. Net income was INR 3,082.6 million compared to INR 1,612.4 million a year ago. Basic earnings per share from continuing operations was INR 57.13 compared to INR 29.89 a year ago. Diluted earnings per share from continuing operations was INR 57.13 compared to INR 29.89 a year ago.