India Steel Works Limited reported earnings results for the first quarter ended June 23, 2023. For the first quarter, the company reported sales was INR 8.16 million compared to INR 13.39 million a year ago. Revenue was INR 11.9 million compared to INR 17.99 million a year ago.

Net loss was INR 54.54 million compared to INR 84.31 million a year ago. Basic loss per share from continuing operations was INR 0.14 compared to INR 0.21 a year ago. Diluted loss per share from continuing operations was INR 0.14 compared to INR 0.21 a year ago.