Flex Foods 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 339.4 million compared to INR 280.3 million a year ago. Revenue was INR 347.3 million compared to INR 287.7 million a year ago. Net loss was INR 74.8 million compared to net income of INR 19.4 million a year ago. Basic loss per share from continuing operations was INR 6.01 compared to basic earnings per share from continuing operations of INR 1.55 a year ago. Diluted loss per share from continuing operations was INR 6.01 compared to diluted earnings per share from continuing operations of INR 1.55 a year ago.
For the full year, sales was INR 1,134.5 million compared to INR 1,086.8 million a year ago. Revenue was INR 1,179.1 million compared to INR 1,122.1 million a year ago. Net loss was INR 106 million compared to net income of INR 91.2 million a year ago. Basic loss per share from continuing operations was INR 8.51 compared to basic earnings per share from continuing operations of INR 7.32 a year ago. Diluted loss per share from continuing operations was INR 8.51 compared to diluted earnings per share from continuing operations of INR 7.32 a year ago.