Greaves Cotton Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 6,725.3 million compared to INR 8,269.4 million a year ago. Revenue was INR 6,859.2 million compared to INR 8,507 million a year ago. Net income was INR 25.6 million compared to INR 266.5 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to INR 1.15 a year ago. Diluted earnings per share from continuing operations was INR 0.11 compared to INR 1.14 a year ago.
For the full year, sales was INR 26,331.9 million compared to INR 26,994.5 million a year ago. Revenue was INR 26,979.5 million compared to INR 27,665.9 million a year ago. Net loss was INR 1,352.7 million compared to net income of INR 780.3 million a year ago. Basic loss per share from continuing operations was INR 5.83 compared to basic earnings per share from continuing operations of INR 3.37 a year ago. Diluted loss per share from continuing operations was INR 5.83 compared to diluted earnings per share from continuing operations of INR 3.35 a year ago.