Steel Authority of India 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 233,486.4 million compared to INR 250,421 million a year ago. Revenue was INR 234,923.3 million compared to INR 251,401.6 million a year ago. Net income was INR 4,229.2 million compared to INR 5,421.8 million a year ago. Basic earnings per share from continuing operations was INR 1.02 compared to INR 1.31 a year ago. Diluted earnings per share from continuing operations was INR 1.02 compared to INR 1.31 a year ago.
For the nine months, sales was INR 774,198.1 million compared to INR 753,170.6 million a year ago. Revenue was INR 781,733.5 million compared to INR 759,816.9 million a year ago. Net income was INR 19,409.9 million compared to INR 10,173.2 million a year ago. Basic earnings per share from continuing operations was INR 4.7 compared to INR 2.46 a year ago. Diluted earnings per share from continuing operations was INR 4.7 compared to INR 2.46 a year ago.