Sunflag Iron and Steel Company 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 8,580.1 million compared to INR 8,855.1 million a year ago. Revenue was INR 8,591.7 million compared to INR 8,855.2 million a year ago. Net income was INR 387.7 million compared to INR 950.9 million a year ago. Basic earnings per share from continuing operations was INR 2.15 compared to INR 5.28 a year ago.
For the six months, sales was INR 16,424.7 million compared to INR 17,820.3 million a year ago. Revenue was INR 16,452.9 million compared to INR 17,839.4 million a year ago. Net income was INR 646.2 million compared to INR 10,159.3 million a year ago. Basic earnings per share from continuing operations was INR 3.59 compared to INR 56.37 a year ago.