Tamilnadu Steel Tubes Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 191.25 million compared to INR 227.79 million a year ago. Revenue was INR 191.42 million compared to INR 228.23 million a year ago. Net income was INR 0.343 million compared to net loss of INR 2.9 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to basic loss per share from continuing operations of INR 0.57 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to diluted loss per share from continuing operations of INR 0.57 a year ago.
For the six months, sales was INR 380.86 million compared to INR 481.98 million a year ago. Revenue was INR 381.99 million compared to INR 482.55 million a year ago. Net income was INR 0.717 million compared to net loss of INR 2.74 million a year ago. Basic earnings per share from continuing operations was INR 0.14 compared to basic loss per share from continuing operations of INR 0.53 a year ago. Diluted earnings per share from continuing operations was INR 0.14 compared to diluted loss per share from continuing operations of INR 0.53 a year ago.