The Lakshmi Mills Company 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 448.43 million compared to INR 1,027.26 million a year ago. Revenue was INR 455.31 million compared to INR 1,035.74 million a year ago. Net loss was INR 36.8 million compared to net income of INR 47.51 million a year ago. Basic loss per share from continuing operations was INR 52.91 compared to basic earnings per share from continuing operations of INR 68.3 a year ago. Diluted loss per share from continuing operations was INR 52.91 compared to diluted earnings per share from continuing operations of INR 68.3 a year ago.
For the full year, sales was INR 2,399.14 million compared to INR 3,467.2 million a year ago. Revenue was INR 2,444.52 million compared to INR 3,493.13 million a year ago. Net loss was INR 50.12 million compared to net income of INR 240.64 million a year ago. Basic loss per share from continuing operations was INR 72.06 compared to basic earnings per share from continuing operations of INR 345.97 a year ago. Diluted loss per share from continuing operations was INR 72.06 compared to diluted earnings per share from continuing operations of INR 345.97 a year ago.