Cravatex 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 837.42 million compared to INR 1,546.15 million a year ago. Revenue was INR 898.73 million compared to INR 1,577.59 million a year ago. Net income was INR 38.37 million compared to INR 8.15 million a year ago. Basic earnings per share from continuing operations was INR 14.85 compared to INR 3.16 a year ago. Diluted earnings per share from continuing operations was INR 14.85 compared to INR 3.16 a year ago.
For the full year, sales was INR 5,036.59 million compared to INR 5,943.34 million a year ago. Revenue was INR 5,161.28 million compared to INR 6,042.66 million a year ago. Net income was INR 589.33 million compared to net loss of INR 198.87 million a year ago. Basic earnings per share from continuing operations was INR 228.05 compared to basic loss per share from continuing operations of INR 76.96 a year ago. Diluted earnings per share from continuing operations was INR 228.05 compared to diluted loss per share from continuing operations of INR 76.96 a year ago.