Shah Alloys Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,428.2 million compared to INR 1,536.5 million a year ago. Revenue was INR 1,446.8 million compared to INR 1,536.5 million a year ago. Net loss was INR 241.1 million compared to net income of INR 3.1 million a year ago. Basic loss per share from continuing operations was INR 12.18 compared to basic earnings per share from continuing operations of INR 0.15 a year ago. Diluted loss per share from continuing operations was INR 12.18 compared to diluted earnings per share from continuing operations of INR 0.15 a year ago.
For the nine months, sales was INR 4,645.1 million compared to INR 4,742.4 million a year ago. Revenue was INR 4,848.3 million compared to INR 4,742.9 million a year ago. Net loss was INR 230.5 million compared to net income of INR 31.4 million a year ago. Basic loss per share from continuing operations was INR 11.64 compared to basic earnings per share from continuing operations of INR 1.58 a year ago. Diluted loss per share from continuing operations was INR 11.64 compared to diluted earnings per share from continuing operations of INR 1.58 a year ago.