Narayani Steels 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 424.28 million compared to INR 33.56 million a year ago. Revenue was INR 425.79 million compared to INR 34.02 million a year ago. Net income was INR 12.43 million compared to INR 14.88 million a year ago. Basic earnings per share from continuing operations was INR 1.14 compared to INR 1.36 a year ago. Diluted earnings per share from continuing operations was INR 1.14 compared to INR 1.36 a year ago.
For the nine months, sales was INR 621.85 million compared to INR 71.26 million a year ago. Revenue was INR 623.93 million compared to INR 78.54 million a year ago. Net income was INR 37.51 million compared to net loss of INR 115.38 million a year ago. Basic earnings per share from continuing operations was INR 9.1 compared to basic loss per share from continuing operations of INR 10.58 a year ago. Diluted earnings per share from continuing operations was INR 3.44 compared to diluted loss per share from continuing operations of INR 10.58 a year ago.