Chennai Ferrous Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 947.28 million compared to INR 300.09 million a year ago. Revenue was INR 956.83 million compared to INR 306.98 million a year ago.

Net income was INR 14.13 million compared to INR 36.8 million a year ago. Basic earnings per share from continuing operations was INR 3.92 compared to INR 10.21 a year ago.