Net loss of Chennai Ferrous Industries reported to Rs 1.10 crore in the quarter ended March 2023 as against net profit of Rs 11.10 crore during the previous quarter ended March 2022. Sales declined 36.31% to Rs 34.80 crore in the quarter ended March 2023 as against Rs 54.64 crore during the previous quarter ended March 2022.

For the full year,net profit declined 87.00% to Rs 3.29 crore in the year ended March 2023 as against Rs 25.30 crore during the previous year ended March 2022. Sales rose 47.35% to Rs 141.25 crore in the year ended March 2023 as against Rs 95.86 crore during the previous year ended March 2022.

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Chennai Ferrous Industries will hold a meeting of the Board of Directors of the Company on 23 May 2023.

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Net profit of Chennai Ferrous Industries declined 95.71% to Rs 0.35 crore in the quarter ended December 2022 as against Rs 8.15 crore during the previous quarter ended December 2021. Sales rose 43.13% to Rs 40.19 crore in the quarter ended December 2022 as against Rs 28.08 crore during the previous quarter ended December 2021.

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Chennai Ferrous Industries will hold a meeting of the Board of Directors of the Company on 2 February 2023.

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