Vardhman Acrylics 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 806 million compared to INR 1,002 million a year ago. Revenue was INR 839.1 million compared to INR 1,024.2 million a year ago. Net income was INR 39.2 million compared to net loss of INR 55.5 million a year ago. Basic earnings per share from continuing operations was INR 0.49 compared to basic loss per share from continuing operations of INR 0.69 a year ago. Diluted earnings per share from continuing operations was INR 0.49 compared to diluted loss per share from continuing operations of INR 0.69 a year ago.
For the full year, sales was INR 4,266.6 million compared to INR 3,033.3 million a year ago. Revenue was INR 4,394.6 million compared to INR 3,177.2 million a year ago. Net income was INR 328.6 million compared to INR 145.6 million a year ago. Basic earnings per share from continuing operations was INR 4.09 compared to INR 1.81 a year ago. Diluted earnings per share from continuing operations was INR 4.09 compared to INR 1.81 a year ago.