Shera Energy Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 29, 2024 at 03:21 pm IST
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Shera Energy 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 2,061.16 million compared to INR 1,506.76 million a year ago. Revenue was INR 2,070.1 million compared to INR 1,510.71 million a year ago. Net income was INR 52 million compared to INR 22.54 million a year ago. Basic earnings per share from continuing operations was INR 2.34 compared to INR 1.12 a year ago. Diluted earnings per share from continuing operations was INR 2.34 compared to INR 1.12 a year ago.
For the nine months, sales was INR 5,899.51 million compared to INR 4,893.92 million a year ago. Revenue was INR 5,914.16 million compared to INR 4,906.09 million a year ago. Net income was INR 113.42 million compared to INR 65.37 million a year ago. Basic earnings per share from continuing operations was INR 4.98 compared to INR 3.27 a year ago. Diluted earnings per share from continuing operations was INR 4.98 compared to INR 3.27 a year ago.
Shera Energy Limited is an India-based company engaged in the activity of a manufacturer of non-ferrous metal products and its alloy products and winding wires. The Company manufactures rods, wire rods, tubes, billets, and busbars of nonferrous metals, namely, copper, aluminum, and brass. It provides customized products for its buyers in various shapes and sizes and with options of bare, paper-covered, and enameled wires. It provides a range of products, such as Brass Rods, Brass Wires, Copper Tubes, Aluminum Tubes, Brass Tubes, Copper Bus Bars/Flats, Aluminum Bus Bars/Flats, Paper Covered Aluminum Conductors, Paper Covered Copper Conductors and Bunched Conductors, Enamel (SEM) Aluminum Conductors, and Enamel (SEM) Copper Conductors. Its products have applications in various industries. Its subsidiaries, including Rajputana Industries Private limited, Shera Metal Private Limited, and Shera Infra power Private Limited are engaged in the manufacturing of non-ferrous metal products.