Garnet Construction Limited reported earnings results for the fourth quarter and full year ended March 31, 2022. For the fourth quarter, the company reported sales was INR 53.63 million compared to INR 37.6 million a year ago. Revenue was INR 77.38 million compared to INR 51.21 million a year ago. Net income was INR 33.76 million compared to net loss of INR 129.12 million a year ago. Basic earnings per share from continuing operations was INR 2.42 compared to basic loss per share from continuing operations of INR 9.27 a year ago. Diluted earnings per share from continuing operations was INR 2.42 compared to diluted loss per share from continuing operations of INR 9.27 a year ago.
For the full year, sales was INR 55.66 million compared to INR 668.58 million a year ago. Revenue was INR 80.81 million compared to INR 684.81 million a year ago. Net income was INR 5.1 million compared to INR 126.48 million a year ago. Basic earnings per share was INR 0.36 compared to INR 9.11 a year ago. Diluted earnings per share was INR 0.36 compared to INR 9.11 a year ago.