Kanco Tea & Industries 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 24.9 million compared to INR 35.6 million a year ago. Revenue was INR 30.3 million compared to INR 62.7 million a year ago. Net loss was INR 104.2 million compared to INR 203.5 million a year ago. Basic loss per share from continuing operations was INR 20.34 compared to INR 39.72 a year ago.
For the full year, sales was INR 1,058.4 million compared to INR 834.5 million a year ago. Revenue was INR 1,063.7 million compared to INR 948.8 million a year ago. Net income was INR 87.4 million compared to INR 38 million a year ago. Basic earnings per share from continuing operations was INR 17.06 compared to INR 7.42 a year ago.