Chennai Ferrous Industries 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 193.29 million compared to INR 401.91 million a year ago. Revenue was INR 205.47 million compared to INR 409.14 million a year ago. Net income was INR 7.36 million compared to INR 3.46 million a year ago. Basic earnings per share from continuing operations was INR 2.042 compared to INR 0.96 a year ago. Diluted earnings per share from continuing operations was INR 2.042 compared to INR 0.96 a year ago.
For the nine months, sales was INR 1,168.63 million compared to INR 1,064.45 million a year ago. Revenue was INR 1,212.94 million compared to INR 1,085.6 million a year ago. Net income was INR 37.76 million compared to INR 43.98 million a year ago. Basic earnings per share from continuing operations was INR 10.475 compared to INR 12.202 a year ago. Diluted earnings per share from continuing operations was INR 10.475 compared to INR 12.202 a year ago.