Bihar Sponge Iron Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 69.79 million compared to INR 117.68 million a year ago. Revenue was INR 64.2 million compared to INR 100.19 million a year ago. Net income was INR 5.03 million compared to INR 22.41 million a year ago. Basic earnings per share from continuing operations was INR 0.06 compared to INR 0.25 a year ago. Diluted earnings per share from continuing operations was INR 0.06 compared to INR 0.25 a year ago.
For the nine months, sales was INR 301.85 million compared to INR 167.63 million a year ago. Revenue was INR 292.66 million compared to INR 156.05 million a year ago. Net income was INR 55.73 million compared to INR 20.16 million a year ago. Basic earnings per share from continuing operations was INR 0.62 compared to INR 0.22 a year ago. Diluted earnings per share from continuing operations was INR 0.62 compared to INR 0.22 a year ago.