India Steel Works Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 15.36 million compared to INR 52.93 million a year ago. Revenue was INR 15.97 million compared to INR 84.14 million a year ago. Net loss was INR 94.28 million compared to INR 68.34 million a year ago. Basic loss per share from continuing operations was INR 0.24 compared to INR 0.17 a year ago. Diluted loss per share from continuing operations was INR 0.24 compared to INR 0.17 a year ago.
For the six months, sales was INR 28.74 million compared to INR 80.44 million a year ago. Revenue was INR 33.96 million compared to INR 140.53 million a year ago. Net loss was INR 178.59 million compared to INR 114.51 million a year ago. Basic loss per share from continuing operations was INR 0.45 compared to INR 0.29 a year ago. Diluted loss per share from continuing operations was INR 0.45 compared to INR 0.29 a year ago.