Indian Metals and Ferro Alloys Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 6,926.1 million compared to INR 6,724.5 million a year ago. Revenue was INR 7,042.5 million compared to INR 6,768.8 million a year ago. Net income was INR 891.7 million compared to INR 163 million a year ago. Basic earnings per share from continuing operations was INR 16.53 compared to INR 3.02 a year ago.
For the six months, sales was INR 13,943.4 million compared to INR 14,158.7 million a year ago. Revenue was INR 14,158.6 million compared to INR 14,271.5 million a year ago. Net income was INR 1,995.6 million compared to INR 1,503.8 million a year ago. Basic earnings per share from continuing operations was INR 36.99 compared to INR 27.87 a year ago.