Subex 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 472.7 million compared to INR 788 million a year ago. Revenue was INR 509.9 million compared to INR 808 million a year ago. Net loss was INR 471.8 million compared to net income of INR 6.1 million a year ago. Basic loss per share from continuing operations was INR 0.86 compared to basic earnings per share from continuing operations of INR 0.01 a year ago. Diluted loss per share from continuing operations was INR 0.86 compared to diluted earnings per share from continuing operations of INR 0.01 a year ago.
For the full year, sales was INR 2,786.9 million compared to INR 3,334.4 million a year ago. Revenue was INR 2,868.5 million compared to INR 3,438.1 million a year ago. Net loss was INR 512.1 million compared to net income of INR 209.9 million a year ago. Basic loss per share from continuing operations was INR 0.93 compared to basic earnings per share from continuing operations of INR 0.38 a year ago. Diluted loss per share from continuing operations was INR 0.93 compared to diluted earnings per share from continuing operations of INR 0.38 a year ago.