Chennai Ferrous 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 362.45 million compared to INR 6 million a year ago. Revenue was INR 369.48 million compared to INR 6 million a year ago. Net income was INR 3.72 million compared to INR 1.98 million a year ago. Basic earnings per share from continuing operations was INR 1.03 compared to INR 0.55 a year ago.
For the six months, sales was INR 662.54 million compared to INR 131.43 million a year ago. Revenue was INR 676.46 million compared to INR 131.43 million a year ago. Net income was INR 40.52 million compared to INR 60.65 million a year ago. Basic earnings per share from continuing operations was INR 11.24 compared to INR 16.83 a year ago.