MSP Steel & Power 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 6,735.94 million compared to INR 5,868.06 million a year ago. Revenue was INR 6,832.95 million compared to INR 5,880.02 million a year ago. Net loss was INR 16.37 million compared to INR 582.63 million a year ago. Basic loss per share from continuing operations was INR 0.04 compared to INR 1.51 a year ago. Diluted loss per share from continuing operations was INR 0.04.
For the six months, sales was INR 13,447.13 million compared to INR 12,113.24 million a year ago. Revenue was INR 13,586.45 million compared to INR 12,130.61 million a year ago. Net loss was INR 34.5 million compared to INR 728.75 million a year ago. Basic loss per share from continuing operations was INR 0.09 compared to INR 1.89 a year ago.