Steel Authority of India 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 297,120.7 million compared to INR 262,463.4 million a year ago. Revenue was INR 298,581.9 million compared to INR 266,420.2 million a year ago. Net income was INR 13,055.9 million compared to net loss of INR 3,293.6 million a year ago. Basic earnings per share from continuing operations was INR 3.16 compared to basic loss per share from continuing operations of INR 0.8 a year ago. Diluted earnings per share from continuing operations was INR 3.16 compared to diluted loss per share from continuing operations of INR 0.8 a year ago.
For the six months, sales was INR 540,711.7 million compared to INR 502,749.6 million a year ago. Revenue was INR 546,810.2 million compared to INR 508,415.3 million a year ago. Net income was INR 15,180.7 million compared to INR 4,751.4 million a year ago. Basic earnings per share from continuing operations was INR 3.68 compared to INR 1.15 a year ago. Diluted earnings per share from continuing operations was INR 3.68 compared to INR 1.15 a year ago.