Kanani 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 618.61 million compared to INR 425.55 million a year ago. Revenue was INR 619.73 million compared to INR 431.51 million a year ago. Net loss was INR 0.121 million compared to net income of INR 9.87 million a year ago. Basic loss per share from continuing operations was INR 0.0005 compared to basic earnings per share from continuing operations of INR 0.05 a year ago. Diluted loss per share from continuing operations was INR 0.0005 compared to diluted earnings per share from continuing operations of INR 0.05 a year ago.
For the full year, sales was INR 2,704.97 million compared to INR 2,907.25 million a year ago. Revenue was INR 2,706.17 million compared to INR 2,918.91 million a year ago. Net income was INR 21.73 million compared to INR 18.05 million a year ago. Basic earnings per share from continuing operations was INR 0.11 compared to INR 0.09 a year ago. Diluted earnings per share from continuing operations was INR 0.11 compared to INR 0.09 a year ago.