Sri Lakshmi Saraswathi Textiles (Arni) 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 344.03 million compared to INR 415.85 million a year ago. Revenue was INR 346.74 million compared to INR 416.58 million a year ago. Net loss was INR 53.87 million compared to net income of INR 9.89 million a year ago. Basic loss per share from continuing operations was INR 16.16 compared to basic earnings per share from continuing operations of INR 2.97 a year ago. Diluted loss per share from continuing operations was INR 16.16 compared to diluted earnings per share from continuing operations of INR 2.97 a year ago.
For the full year, sales was INR 1,510.45 million compared to INR 1,501.37 million a year ago. Revenue was INR 1,516.89 million compared to INR 1,502.57 million a year ago. Net loss was INR 198.32 million compared to net income of INR 43.61 million a year ago. Basic loss per share from continuing operations was INR 59.5 compared to basic earnings per share from continuing operations of INR 13.08 a year ago. Diluted loss per share from continuing operations was INR 59.5 compared to diluted earnings per share from continuing operations of INR 13.08 a year ago.