Narayani Steels 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 146.57 million compared to INR 20.56 million a year ago. Revenue was INR 146.95 million compared to INR 21.1 million a year ago. Net income was INR 12.04 million compared to net loss of INR 33.04 million a year ago. Basic earnings per share from continuing operations was INR 12.09 compared to basic loss per share from continuing operations of INR 60.65 a year ago. Diluted earnings per share from continuing operations was INR 1.1 compared to diluted loss per share from continuing operations of INR 60.65 a year ago.
For the six months, sales was INR 197.57 million compared to INR 37.7 million a year ago. Revenue was INR 198.15 million compared to INR 44.52 million a year ago. Net income was INR 25.08 million compared to net loss of INR 130.26 million a year ago. Basic earnings per share from continuing operations was INR 23.92. Diluted earnings per share from continuing operations was INR 2.3.