Surat Textile 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 127.11 million. Revenue was INR 149.75 million compared to INR 16.12 million a year ago. Net loss was INR 9.96 million compared to net income of INR 8.25 million a year ago. Basic earnings per share from continuing operations was INR 0.03 compared to INR 0.04 a year ago. Diluted earnings per share from continuing operations was INR 0.03 compared to INR 0.04 a year ago. Basic loss per share was INR 0.04 compared to basic earnings per share of INR 0.03 a year ago. Diluted loss per share was INR 0.04 compared to diluted earnings per share of INR 0.03 a year ago.
For the full year, sales was INR 253.13 million. Revenue was INR 346.29 million compared to INR 60.61 million a year ago. Net income was INR 624.2 million compared to net loss of INR 43.26 million a year ago. Basic earnings per share from continuing operations was INR 0.14 compared to INR 0.04 a year ago. Diluted earnings per share from continuing operations was INR 0.14 compared to INR 0.04 a year ago. Basic earnings per share was INR 2.81 compared to basic loss per share of INR 0.19 a year ago. Diluted earnings per share was INR 2.81 compared to diluted loss per share of INR 0.19 a year ago.