Sovereign Diamonds 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 70.97 million compared to INR 53.64 million a year ago. Revenue was INR 74.15 million compared to INR 55.27 million a year ago. Net income was INR 3.82 million compared to INR 2.21 million a year ago. Basic earnings per share from continuing operations was INR 0.66 compared to INR 0.38 a year ago. Diluted earnings per share from continuing operations was INR 0.66 compared to INR 0.38 a year ago.
For the full year, sales was INR 278.07 million compared to INR 229.13 million a year ago. Revenue was INR 290.68 million compared to INR 235.7 million a year ago. Net income was INR 14.11 million compared to INR 13.33 million a year ago. Basic earnings per share from continuing operations was INR 2.44 compared to INR 2.3 a year ago. Diluted earnings per share from continuing operations was INR 2.44 compared to INR 2.3 a year ago.