Kandagiri Spinning Mills Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 15.03 million compared to INR 12.31 million a year ago. Revenue was INR 15.04 million compared to INR 17.03 million a year ago. Net loss was INR 8.45 million compared to net income of INR 1.67 million a year ago. Basic loss per share from continuing operations was INR 2.19 compared to basic earnings per share from continuing operations of INR 0.43 a year ago.
For the full year, sales was INR 15.03 million compared to INR 12.31 million a year ago. Revenue was INR 29.75 million compared to INR 40.33 million a year ago. Net loss was INR 17.16 million compared to net income of INR 11.26 million a year ago. Basic loss per share from continuing operations was INR 4.45 compared to basic earnings per share from continuing operations of INR 2.92 a year ago.