Gita Renewable Energy 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 0.3 million compared to INR 0.6 million a year ago. Revenue was INR 0.735 million compared to INR 45.84 million a year ago. Net loss was INR 1.1 million compared to net income of INR 34.77 million a year ago. Basic loss per share from continuing operations was INR 0.27 compared to basic earnings per share from continuing operations of INR 8.45 a year ago.
For the full year, sales was INR 2.1 million compared to INR 2.4 million a year ago. Revenue was INR 88.72 million compared to INR 32.57 million a year ago. Net income was INR 78.59 million compared to INR 23.81 million a year ago. Basic earnings per share from continuing operations was INR 31.47.