Steel Strips Wheels 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 10,049.25 million compared to INR 10,632.62 million a year ago. Revenue was INR 10,116.21 million compared to INR 10,687.38 million a year ago. Net income was INR 472.92 million compared to INR 488.85 million a year ago. Basic earnings per share from continuing operations was INR 3.02 compared to INR 3.13 a year ago. Diluted earnings per share from continuing operations was INR 3.01 compared to INR 3.12 a year ago.
For the full year, sales was INR 40,405.45 million compared to INR 35,599.53 million a year ago. Revenue was INR 40,529.47 million compared to INR 35,729.8 million a year ago. Net income was INR 1,937.94 million compared to INR 2,054.64 million a year ago.