VBC Ferro Alloys 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 374.36 million compared to INR 135.22 million a year ago. Revenue was INR 398.5 million compared to INR 135.44 million a year ago. Net loss was INR 53.16 million compared to net income of INR 3.64 million a year ago. Basic loss per share from continuing operations was INR 3.24 compared to basic earnings per share from continuing operations of INR 0.22 a year ago. Diluted loss per share from continuing operations was INR 3.24 compared to diluted earnings per share from continuing operations of INR 0.22 a year ago.
For the nine months, sales was INR 1,291.25 million compared to INR 139.49 million a year ago. Revenue was INR 1,334.06 million compared to INR 141.62 million a year ago. Net loss was INR 14.79 million compared to INR 27.6 million a year ago. Basic loss per share from continuing operations was INR 0.9 compared to INR 1.68 a year ago. Diluted loss per share from continuing operations was INR 0.9 compared to INR 1.68 a year ago.