The Hi-Tech Gears 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 2,796.01 million compared to INR 2,817.96 million a year ago. Revenue was INR 2,874.88 million compared to INR 2,908.41 million a year ago. Net income was INR 166.44 million compared to INR 112.42 million a year ago. Basic earnings per share from continuing operations was INR 8.87 compared to INR 5.99 a year ago. Diluted earnings per share from continuing operations was INR 8.86 compared to INR 5.99 a year ago.
For the full year, sales was INR 11,403.18 million compared to INR 9,449.36 million a year ago. Revenue was INR 11,771.55 million compared to INR 9,785.09 million a year ago. Net income was INR 231.14 million compared to net loss of INR 11.02 million a year ago. Basic earnings per share from continuing operations was INR 12.32 compared to basic loss per share from continuing operations of INR 0.59 a year ago. Diluted earnings per share from continuing operations was INR 12.3 compared to diluted loss per share from continuing operations of INR 0.59 a year ago.