Ashirwad Steels & Industries Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 0.95 million compared to INR 2.7 million a year ago. Revenue was INR 12.74 million compared to INR 9.68 million a year ago. Net income was INR 152.81 million compared to net loss of INR 7.19 million a year ago. Basic earnings per share from continuing operations was INR 12.23 compared to basic loss per share from continuing operations of INR 0.57 a year ago. Diluted earnings per share from continuing operations was INR 12.23 compared to diluted loss per share from continuing operations of INR 0.57 a year ago.
For the six months, sales was INR 3.8 million compared to INR 5.4 million a year ago. Revenue was INR 24.81 million compared to INR 18.88 million a year ago. Net income was INR 160.25 million compared to net loss of INR 7.17 million a year ago. Basic earnings per share from continuing operations was INR 12.82 compared to basic loss per share from continuing operations of INR 0.57 a year ago. Diluted earnings per share from continuing operations was INR 12.82 compared to diluted loss per share from continuing operations of INR 0.57 a year ago.