Shah Alloys Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 2,193 million compared to INR 1,747.2 million a year ago. Revenue was INR 2,268.4 million compared to INR 1,792.4 million a year ago. Net income was INR 162.6 million compared to net loss of INR 291.2 million a year ago. Basic earnings per share from continuing operations was INR 8.21 compared to basic loss per share from continuing operations of INR 14.71 a year ago. Diluted earnings per share from continuing operations was INR 8.21 compared to diluted loss per share from continuing operations of INR 14.71 a year ago.
For the nine months, sales was INR 6,227 million compared to INR 3,181.7 million a year ago. Revenue was INR 6,560.8 million compared to INR 3,268.7 million a year ago. Net income was INR 534.7 million compared to net loss of INR 324.8 million a year ago. Basic earnings per share from continuing operations was INR 27.01 compared to basic loss per share from continuing operations of INR 16.41 a year ago. Diluted earnings per share from continuing operations was INR 27.01 compared to diluted loss per share from continuing operations of INR 16.41 a year ago.