Ashirwad Steels & Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2.33 million compared to INR 0.95 million a year ago. Revenue was INR 9.33 million compared to INR 12.74 million a year ago. Net income was INR 4.95 million compared to INR 152.81 million a year ago. Basic earnings per share from continuing operations was INR 0.4 compared to INR 12.23 a year ago. Diluted earnings per share from continuing operations was INR 0.4 compared to INR 12.23 a year ago.
For the six months, sales was INR 3.85 million compared to INR 3.8 million a year ago. Revenue was INR 17.24 million compared to INR 24.81 million a year ago. Net income was INR 7.91 million compared to INR 160.25 million a year ago. Basic earnings per share from continuing operations was INR 0.63 compared to INR 12.82 a year ago. Diluted earnings per share from continuing operations was INR 0.63 compared to INR 12.82 a year ago.