Gujarat Apollo Industries Limited reported earnings results for the fourth quarter ended March 31, 2023. For the fourth quarter, the company reported sales was INR 182.76 million compared to INR 231.85 million a year ago. Revenue was INR 234.6 million compared to INR 284.16 million a year ago.

Net income was INR 48.9 million compared to INR 25.17 million a year ago. Basic loss per share from continuing operations was INR 0.56 compared to basic earnings per share from continuing operations of INR 1.93 a year ago. Diluted loss per share from continuing operations was INR 0.56 compared to diluted earnings per share from continuing operations of INR 1.92 a year ago.