Sumit Woods 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 458.06 million compared to INR 314.88 million a year ago. Revenue was INR 463.58 million compared to INR 316.55 million a year ago. Net income was INR 25.71 million compared to INR 6.5 million a year ago. Basic earnings per share from continuing operations was INR 0.84 compared to INR 0.21 a year ago. Diluted earnings per share from continuing operations was INR 0.71 compared to INR 0.21 a year ago.
For the full year, sales was INR 1,014.44 million compared to INR 660.79 million a year ago. Revenue was INR 1,029.01 million compared to INR 668.62 million a year ago. Net income was INR 76.4 million compared to net loss of INR 9.09 million a year ago. Basic earnings per share from continuing operations was INR 2.5 compared to basic loss per share from continuing operations of INR 0.3 a year ago. Diluted earnings per share from continuing operations was INR 2.31 compared to diluted loss per share from continuing operations of INR 0.3 a year ago.