VISA Steel 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 896.26 million compared to INR 1,602.61 million a year ago. Revenue was INR 899.9 million compared to INR 1,604.95 million a year ago. Net loss was INR 243.61 million compared to net income of INR 17,274.15 million a year ago. Basic loss per share from continuing operations was INR 2.1 compared to basic earnings per share from continuing operations of INR 149.19 a year ago. Diluted loss per share from continuing operations was INR 2.1 compared to diluted earnings per share from continuing operations of INR 149.19 a year ago.
For the nine months, sales was INR 5,138.16 million compared to INR 5,502.08 million a year ago. Revenue was INR 5,148.84 million compared to INR 5,510.28 million a year ago. Net loss was INR 630.12 million compared to net income of INR 16,806.11 million a year ago. Basic loss per share from continuing operations was INR 5.44 compared to basic earnings per share from continuing operations of INR 145.14 a year ago. Diluted loss per share from continuing operations was INR 5.44 compared to diluted earnings per share from continuing operations of INR 145.14 a year ago.