MIRC Electronics 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 2,249.8 million compared to INR 2,463.7 million a year ago. Revenue was INR 2,251.5 million compared to INR 2,467.2 million a year ago. Net loss was INR 73.2 million compared to INR 215.3 million a year ago. Basic loss per share from continuing operations was INR 0.32 compared to INR 0.93 a year ago.
For the full year, sales was INR 11,102.2 million compared to INR 11,921.7 million a year ago. Revenue was INR 11,126.6 million compared to INR 11,975 million a year ago. Net loss was INR 124.7 million compared to INR 200.7 million a year ago. Basic loss per share from continuing operations was INR 0.54 compared to INR 0.87 a year ago.