Electrotherm (India) 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 10,331.6 million compared to INR 6,067.4 million a year ago. Revenue was INR 10,351.5 million compared to INR 6,111.6 million a year ago. Net income was INR 415.7 million compared to net loss of INR 227.2 million a year ago. Basic earnings per share from continuing operations was INR 32.63 compared to basic loss per share from continuing operations of INR 17.83 a year ago. Diluted earnings per share from continuing operations was INR 32.63 compared to diluted loss per share from continuing operations of INR 17.83 a year ago.
For the full year, sales was INR 30,740.5 million compared to INR 28,313.1 million a year ago. Revenue was INR 30,807.4 million compared to INR 28,378.5 million a year ago. Net loss was INR 118.2 million compared to INR 403.6 million a year ago. Basic loss per share from continuing operations was INR 9.28 compared to INR 31.68 a year ago. Diluted loss per share from continuing operations was INR 9.28 compared to INR 31.68 a year ago.