Sutlej Textiles and 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 7,440.6 million compared to INR 8,904.6 million a year ago. Revenue was INR 7,518.5 million compared to INR 9,010.2 million a year ago. Net loss was INR 238.5 million compared to net income of INR 516.4 million a year ago. Basic loss per share from continuing operations was INR 1.46 compared to basic earnings per share from continuing operations of INR 3.15 a year ago.
For the full year, sales was INR 30,742.3 million compared to INR 30,764.6 million a year ago. Revenue was INR 31,004.6 million compared to INR 31,122 million a year ago. Net income was INR 372.8 million compared to INR 1,502.3 million a year ago. Basic earnings per share from continuing operations was INR 2.28 compared to INR 9.17 a year ago.