Shri Ram Switchgears 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 12.59 million compared to INR 27.6 million a year ago. Revenue was INR 14.56 million compared to INR 2,853.5 million a year ago. Net loss was INR 18.16 million compared to INR 130.32 million a year ago. Basic loss per share from continuing operations was INR 1.81 compared to INR 13.02 a year ago. Diluted loss per share from continuing operations was INR 1.81 compared to INR 13.02 a year ago.
For the full year, sales was INR 27.2 million compared to INR 43.31 million a year ago. Revenue was INR 29.5 million compared to INR 44.25 million a year ago. Net loss was INR 38.69 million compared to INR 168.27 million a year ago. Basic loss per share from continuing operations was INR 3.86 compared to INR 16.81 a year ago. Diluted loss per share from continuing operations was INR 3.86 compared to INR 16.81 a year ago.