India Steel Works Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was INR 3.56 million compared to INR 15.97 million a year ago. Net loss was INR 60.31 million compared to INR 94.28 million a year ago. Basic loss per share from continuing operations was INR 0.15 compared to INR 0.24 a year ago. Diluted loss per share from continuing operations was INR 0.15 compared to INR 0.24 a year ago.
For the six months, sales was INR 8.16 million compared to INR 28.74 million a year ago. Revenue was INR 15.47 million compared to INR 33.96 million a year ago. Net loss was INR 114.85 million compared to INR 178.59 million a year ago. Basic loss per share from continuing operations was INR 0.29 compared to INR 0.45 a year ago. Diluted loss per share from continuing operations was INR 0.29 compared to INR 0.45 a year ago.