Algoquant Fintech 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 2.82 million compared to INR 52.8 million a year ago. Revenue was INR 58.2 million compared to INR 137.1 million a year ago. Net loss was INR 67.39 million compared to net income of INR 8.2 million a year ago. Basic loss per share from continuing operations was INR 7.58 compared to basic earnings per share from continuing operations of INR 1.09 a year ago. Basic loss per share was INR 8.39 compared to basic earnings per share of INR 1.02 a year ago.
For the full year, sales was INR 128.42 million compared to INR 163.92 million a year ago. Revenue was INR 137.1 million compared to INR 171.03 million a year ago. Net loss was INR 34.19 million compared to net income of INR 34.29 million a year ago. Basic loss per share from continuing operations was INR 3.65 compared to basic earnings per share from continuing operations of INR 4.03 a year ago. Basic loss per share was INR 5.32 compared to basic earnings per share of INR 4.27 a year ago.