Akshar Spintex Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 373.89 million compared to INR 469.33 million a year ago. Revenue was INR 381.28 million compared to INR 480.12 million a year ago. Net income was INR 34.39 million compared to INR 3.68 million a year ago. Basic earnings per share from continuing operations was INR 0.115 compared to INR 0.0125 a year ago. Diluted earnings per share from continuing operations was INR 0.115 compared to INR 0.0125 a year ago.
For the full year, sales was INR 1,355.33 million compared to INR 1,721.08 million a year ago. Revenue was INR 1,379.22 million compared to INR 1,755.72 million a year ago. Net loss was INR 27.64 million compared to net income of INR 70.24 million a year ago. Basic loss per share from continuing operations was INR 0.0925 compared to basic earnings per share from continuing operations of INR 0.2342 a year ago. Diluted loss per share from continuing operations was INR 0.0925 compared to diluted earnings per share from continuing operations of INR 0.2342 a year ago.