Nikhil Adhesives 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 1,606.79 million compared to INR 2,179.69 million a year ago. Revenue was INR 1,607.79 million compared to INR 2,182.3 million a year ago. Net income was INR 36.3 million compared to INR 61.29 million a year ago. Basic earnings per share from continuing operations was INR 0.79 compared to INR 1.33 a year ago.
For the full year, sales was INR 7,434.63 million compared to INR 8,137.44 million a year ago. Revenue was INR 7,439.38 million compared to INR 8,143.18 million a year ago. Net income was INR 170.4 million compared to INR 252.64 million a year ago. Basic earnings per share from continuing operations was INR 3.71 compared to INR 5.5 a year ago.