Binani Industries 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 4.2 million compared to INR 4 million a year ago. Revenue was INR 12.4 million compared to INR 22.5 million a year ago. Net loss was INR 1,455.3 million compared to net income of INR 1,798.3 million a year ago. Basic loss per share from continuing operations was INR 46.4 compared to basic earnings per share from continuing operations of INR 57.33 a year ago. Diluted loss per share from continuing operations was INR 46.4 compared to diluted earnings per share from continuing operations of INR 57.33 a year ago.
For the full year, sales was INR 15 million compared to INR 12.6 million a year ago. Revenue was INR 23.6 million compared to INR 68.5 million a year ago. Net loss was INR 1,507.1 million compared to net income of INR 1,784.2 million a year ago. Basic loss per share from continuing operations was INR 48.05 compared to basic earnings per share from continuing operations of INR 56.88 a year ago. Diluted loss per share from continuing operations was INR 48.05 compared to diluted earnings per share from continuing operations of INR 56.88 a year ago.