MSP Steel & Power 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 6,616.54 million compared to INR 5,885.45 million a year ago. Revenue was INR 6,622.97 million compared to INR 5,887.71 million a year ago. Net income was INR 24.98 million compared to net loss of INR 68.79 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to basic loss per share from continuing operations of INR 0.18 a year ago. Diluted earnings per share from continuing operations was INR 0.06.
For the nine months, sales was INR 18,729.78 million compared to INR 16,867.02 million a year ago. Revenue was INR 18,753.58 million compared to INR 16,874.9 million a year ago. Net loss was INR 703.77 million compared to net income of INR 110.46 million a year ago. Basic loss per share from continuing operations was INR 1.83 compared to basic earnings per share from continuing operations of INR 0.29 a year ago.