Kanishk Steel Industries 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 1,012.29 million compared to INR 791.88 million a year ago. Revenue was INR 1,013.29 million compared to INR 822.53 million a year ago. Net loss was INR 4.84 million compared to net income of INR 69.72 million a year ago. Basic loss per share from continuing operations was INR 0.17 compared to basic earnings per share from continuing operations of INR 2.45 a year ago. Diluted loss per share from continuing operations was INR 0.17 compared to diluted earnings per share from continuing operations of INR 2.45 a year ago.
For the nine months, sales was INR 2,961.29 million compared to INR 2,187.05 million a year ago. Revenue was INR 3,077.7 million compared to INR 2,311.82 million a year ago. Net income was INR 109.56 million compared to INR 189.74 million a year ago. Basic earnings per share from continuing operations was INR 3.853 compared to INR 6.67 a year ago. Diluted earnings per share from continuing operations was INR 3.853 compared to INR 6.67 a year ago.