Pranavaditya Spinning Mills Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported revenue was INR 16.96 million compared to INR 3.14 million a year ago. Net income was INR 6.56 million compared to net loss of INR 4.7 million a year ago. Basic earnings per share from continuing operations was INR 0.34 compared to basic loss per share from continuing operations of INR 0.24 a year ago. Diluted earnings per share from continuing operations was INR 0.34 compared to diluted loss per share from continuing operations of INR 0.24 a year ago.
For the full year, revenue was INR 39.63 million compared to INR 60.02 million a year ago. Net income was INR 7.22 million compared to net loss of INR 59.09 million a year ago. Basic earnings per share from continuing operations was INR 0.38 compared to basic loss per share from continuing operations of INR 3.07 a year ago. Diluted earnings per share from continuing operations was INR 0.38 compared to diluted loss per share from continuing operations of INR 3.07 a year ago.