Welcast Steels 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 200.13 million compared to INR 196.81 million a year ago. Revenue was INR 206.05 million compared to INR 198.75 million a year ago. Net income was INR 12.27 million compared to net loss of INR 3.68 million a year ago. Basic earnings per share from continuing operations was INR 19.23 compared to basic loss per share from continuing operations of INR 5.76 a year ago. Diluted earnings per share from continuing operations was INR 19.23 compared to diluted loss per share from continuing operations of INR 5.76 a year ago.
For the nine months, sales was INR 652.88 million compared to INR 722.63 million a year ago. Revenue was INR 684.73 million compared to INR 730.32 million a year ago. Net income was INR 39.03 million compared to INR 47.31 million a year ago. Basic earnings per share from continuing operations was INR 61.16 compared to INR 74.13 a year ago. Diluted earnings per share from continuing operations was INR 61.16 compared to INR 74.13 a year ago.