Vardhman Special Steels Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 4,006.27 million compared to INR 3,593.2 million a year ago. Revenue was INR 4,140.7 million compared to INR 3,613.17 million a year ago. Net income was INR 284.65 million compared to INR 194.68 million a year ago. Basic earnings per share from continuing operations was INR 3.51 compared to INR 2.405 a year ago. Diluted earnings per share from continuing operations was INR 3.49 compared to INR 2.385 a year ago.
For the nine months, sales was INR 13,129.54 million compared to INR 10,251.12 million a year ago. Revenue was INR 13,465.12 million compared to INR 10,324.89 million a year ago. Net income was INR 867.72 million compared to INR 715.57 million a year ago. Basic earnings per share from continuing operations was INR 10.695 compared to INR 8.835 a year ago. Diluted earnings per share from continuing operations was INR 10.63 compared to INR 8.765 a year ago.