HB Estate Developers 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 278.04 million compared to INR 146.95 million a year ago. Revenue was INR 296.76 million compared to INR 150.78 million a year ago. Net loss was INR 114.17 million compared to INR 27.06 million a year ago. Basic loss per share from continuing operations was INR 5.87 compared to INR 1.39 a year ago. Diluted loss per share from continuing operations was INR 5.87 compared to INR 1.39 a year ago.
For the full year, sales was INR 964.31 million compared to INR 504.34 million a year ago. Revenue was INR 987.72 million compared to INR 519.2 million a year ago. Net loss was INR 116.28 million compared to INR 156.73 million a year ago. Basic loss per share from continuing operations was INR 5.98 compared to INR 8.05 a year ago. Diluted loss per share from continuing operations was INR 5.98 compared to INR 8.05 a year ago.