Himachal Fibres 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 55.4 million compared to INR 62.56 million a year ago. Revenue was INR 59.22 million compared to INR 67.37 million a year ago. Net income was INR 25.01 million compared to net loss of INR 8.12 million a year ago. Basic earnings per share from continuing operations was INR 0.29 compared to basic loss per share from continuing operations of INR 0.09 a year ago. Diluted earnings per share from continuing operations was INR 0.29 compared to diluted loss per share from continuing operations of INR 0.09 a year ago.
For the full year, sales was INR 268.33 million compared to INR 272.9 million a year ago. Revenue was INR 277.32 million compared to INR 285.02 million a year ago. Net income was INR 29.3 million compared to net loss of INR 68.71 million a year ago. Basic earnings per share from continuing operations was INR 0.34 compared to basic loss per share from continuing operations of INR 0.8 a year ago. Diluted earnings per share from continuing operations was INR 0.34 compared to diluted loss per share from continuing operations of INR 0.8 a year ago.