Lagnam Spintex 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 903.71 million compared to INR 1,014.37 million a year ago. Revenue was INR 904.08 million compared to INR 1,016.56 million a year ago. Net income was INR 15.22 million compared to INR 70.6 million a year ago. Basic earnings per share from continuing operations was INR 0.86 compared to INR 4 a year ago. Diluted earnings per share from continuing operations was INR 0.86 compared to INR 4 a year ago.
For the full year, sales was INR 3,046.59 million compared to INR 3,484.41 million a year ago. Revenue was INR 3,048.87 million compared to INR 3,489.55 million a year ago. Net income was INR 97.63 million compared to INR 287.99 million a year ago. Basic earnings per share from continuing operations was INR 5.53 compared to INR 16.3 a year ago. Diluted earnings per share from continuing operations was INR 5.53 compared to INR 16.3 a year ago.