Welcast Steels 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 213.66 million compared to INR 225.02 million a year ago. Revenue was INR 215.42 million compared to INR 232.61 million a year ago. Net loss was INR 20.91 million compared to net income of INR 1.02 million a year ago. Basic loss per share from continuing operations was INR 32.78 compared to basic earnings per share from continuing operations of INR 1.59 a year ago.
For the full year, sales was INR 936.29 million compared to INR 824.42 million a year ago. Revenue was INR 946.74 million compared to INR 886.92 million a year ago. Net income was INR 26.4 million compared to net loss of INR 4.91 million a year ago. Basic earnings per share from continuing operations was INR 41.37 compared to basic loss per share from continuing operations of INR 7.7 a year ago. Diluted earnings per share from continuing operations was INR 41.37 compared to diluted loss per share from continuing operations of INR 7.7 a year ago.