Shyam Century Ferrous 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 318.01 million compared to INR 395.74 million a year ago. Revenue was INR 338.47 million compared to INR 414.36 million a year ago. Net income was INR 12.03 million compared to INR 57.99 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to INR 0.27 a year ago. Diluted earnings per share from continuing operations was INR 0.06 compared to INR 0.27 a year ago.
For the nine months, sales was INR 973.25 million compared to INR 1,146.73 million a year ago. Revenue was INR 1,039.8 million compared to INR 1,207.65 million a year ago. Net income was INR 24.32 million compared to INR 193.49 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to INR 0.91 a year ago. Diluted earnings per share from continuing operations was INR 0.11 compared to INR 0.91 a year ago.