Ovobel Foods 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 581.75 million compared to INR 361.38 million a year ago. Revenue was INR 581.75 million compared to INR 361.38 million a year ago. Net income was INR 146.72 million compared to INR 50.84 million a year ago. Basic earnings per share from continuing operations was INR 15.44 compared to INR 5.35 a year ago.
For the full year, sales was INR 2,213.42 million compared to INR 1,250.87 million a year ago. Revenue was INR 2,213.42 million compared to INR 1,250.87 million a year ago. Net income was INR 388.23 million compared to INR 0.17 million a year ago. Basic earnings per share from continuing operations was INR 40.86 compared to INR 0.02 a year ago.