TVS 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 850.5 million compared to INR 882.6 million a year ago. Revenue was INR 851.1 million compared to INR 888.6 million a year ago. Net income was INR 15.1 million compared to INR 44.9 million a year ago. Basic earnings per share from continuing operations was INR 0.81 compared to INR 2.41 a year ago. Diluted earnings per share from continuing operations was INR 0.81 compared to INR 2.41 a year ago.
For the full year, sales was INR 3,528.4 million compared to INR 3,074.7 million a year ago. Revenue was INR 3,550.2 million compared to INR 3,091.5 million a year ago. Net income was INR 95.2 million compared to INR 151 million a year ago. Basic earnings per share from continuing operations was INR 5.11 compared to INR 8.1 a year ago. Diluted earnings per share from continuing operations was INR 5.11 compared to INR 8.1 a year ago.