India Steel Works Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 66.62 million compared to INR 483.23 million a year ago. Revenue was INR 67.9 million compared to INR 763.89 million a year ago. Net loss was INR 351 million compared to INR 71.52 million a year ago. Basic loss per share from continuing operations was INR 0.88 compared to INR 0.18 a year ago. Diluted loss per share from continuing operations was INR 0.88 compared to INR 0.18 a year ago.
For the full year, sales was INR 238.08 million compared to INR 1,438.58 million a year ago. Revenue was INR 327.78 million compared to INR 1,762.62 million a year ago. Net loss was INR 506.84 million compared to INR 198.09 million a year ago. Basic loss per share from continuing operations was INR 1.27 compared to INR 0.5 a year ago. Diluted loss per share from continuing operations was INR 1.27 compared to INR 0.5 a year ago.