Vallabh Steels 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 0.023 million compared to INR 5.88 million a year ago. Net loss was INR 55.45 million compared to INR 149.22 million a year ago. Basic loss per share from continuing operations was INR 11.2 compared to INR 30.14 a year ago. Diluted loss per share from continuing operations was INR 11.2 compared to INR 30.14 a year ago.
For the full year, sales was INR 9.33 million compared to INR 59.09 million a year ago. Revenue was INR 9.42 million compared to INR 59.18 million a year ago. Net loss was INR 92.38 million compared to INR 210.54 million a year ago. Basic loss per share from continuing operations was INR 18.66 compared to INR 42.53 a year ago.