Cosmo Ferrites 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 239.4 million compared to INR 330.9 million a year ago. Revenue was INR 252.4 million compared to INR 334.2 million a year ago. Net income was INR 1.5 million compared to INR 49 million a year ago. Basic earnings per share from continuing operations was INR 0.12 compared to INR 4.07 a year ago. Diluted earnings per share from continuing operations was INR 0.12 compared to INR 4.07 a year ago.
For the full year, sales was INR 1,073.1 million compared to INR 1,138.4 million a year ago. Revenue was INR 1,099.2 million compared to INR 1,155.8 million a year ago. Net income was INR 24.2 million compared to INR 142.3 million a year ago. Basic earnings per share from continuing operations was INR 2.01 compared to INR 11.83 a year ago. Diluted earnings per share from continuing operations was INR 2.01 compared to INR 11.83 a year ago.