Hindustan Media Ventures 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 1,881.3 million compared to INR 1,972.1 million a year ago. Revenue was INR 2,171.1 million compared to INR 2,023.6 million a year ago. Net income was INR 120.8 million compared to INR 20.7 million a year ago. Basic earnings per share from continuing operations was INR 1.64 compared to INR 0.28 a year ago. Diluted earnings per share from continuing operations was INR 1.64 compared to INR 0.28 a year ago.
For the full year, sales was INR 7,134 million compared to INR 6,692 million a year ago. Revenue was INR 7,915 million compared to INR 7,468.6 million a year ago. Net loss was INR 380.9 million compared to net income of INR 405.9 million a year ago. Basic loss per share from continuing operations was INR 5.17 compared to basic earnings per share from continuing operations of INR 5.51 a year ago. Diluted loss per share from continuing operations was INR 5.17 compared to diluted earnings per share from continuing operations of INR 5.51 a year ago.