Jai Corp 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 1,247.9 million compared to INR 1,676.4 million a year ago. Revenue was INR 1,328 million compared to INR 1,741.1 million a year ago. Net loss was INR 391.4 million compared to net income of INR 175.6 million a year ago. Basic loss per share from continuing operations was INR 2.19 compared to basic earnings per share from continuing operations of INR 1.01 a year ago. Basic loss per share was INR 2.19 compared to basic earnings per share of INR 0.98 a year ago.
For the full year, sales was INR 5,943.3 million compared to INR 7,200.9 million a year ago. Revenue was INR 6,194.8 million compared to INR 7,389.6 million a year ago. Net loss was INR 136 million compared to net income of INR 525.6 million a year ago. Basic loss per share from continuing operations was INR 0.75 compared to basic earnings per share from continuing operations of INR 2.89 a year ago. Basic loss per share was INR 0.75 compared to basic earnings per share of INR 2.95 a year ago.