Katare Spinning Mills 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 30.44 million compared to negative sales of INR 0.386 million a year ago. Revenue was INR 30.49 million compared to INR 154.86 million a year ago. Net loss was INR 12.2 million compared to net income of INR 57.41 million a year ago. Basic loss per share from continuing operations was INR 4.28 compared to basic earnings per share from continuing operations of INR 20.14 a year ago. Diluted loss per share from continuing operations was INR 4.28 compared to diluted earnings per share from continuing operations of INR 20.14 a year ago.
For the full year, sales was INR 70.74 million compared to INR 34.62 million a year ago. Revenue was INR 83.37 million compared to INR 279.51 million a year ago. Net loss was INR 15.12 million compared to net income of INR 79.2 million a year ago. Basic loss per share from continuing operations was INR 5.3 compared to basic earnings per share from continuing operations of INR 27.79 a year ago. Diluted loss per share from continuing operations was INR 5.3 compared to diluted earnings per share from continuing operations of INR 27.79 a year ago.