India Nippon Electricals 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 1,579.7 million compared to INR 1,492.3 million a year ago. Revenue was INR 1,630.1 million compared to INR 1,641 million a year ago. Net income was INR 142.1 million compared to INR 192.1 million a year ago. Basic earnings per share from continuing operations was INR 6.28 compared to INR 8.49 a year ago. Diluted earnings per share from continuing operations was INR 6.28 compared to INR 8.49 a year ago.
For the full year, sales was INR 6,562.5 million compared to INR 5,662.7 million a year ago. Revenue was INR 6,788.1 million compared to INR 5,915.6 million a year ago. Net income was INR 482.3 million compared to INR 502.5 million a year ago. Basic earnings per share from continuing operations was INR 21.32 compared to INR 22.21 a year ago. Diluted earnings per share from continuing operations was INR 21.32 compared to INR 22.21 a year ago.