MSP Steel & Power 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 5,868.06 million compared to INR 5,717.39 million a year ago. Revenue was INR 5,880.02 million compared to INR 5,721.28 million a year ago. Net loss was INR 582.63 million compared to net income of INR 93.64 million a year ago. Basic loss per share from continuing operations was INR 1.51 compared to basic earnings per share from continuing operations of INR 0.25 a year ago.
For the six months, sales was INR 12,113.24 million compared to INR 10,981.57 million a year ago. Revenue was INR 12,130.61 million compared to INR 10,987.19 million a year ago. Net loss was INR 728.75 million compared to net income of INR 179.25 million a year ago. Basic loss per share from continuing operations was INR 1.89 compared to basic earnings per share from continuing operations of INR 0.47 a year ago.