Standard Industries 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 51.19 million compared to INR 4,303.67 million a year ago. Revenue was INR 60.38 million compared to INR 4,352.05 million a year ago. Net loss was INR 56.07 million compared to net income of INR 1,789.26 million a year ago. Basic loss per share from continuing operations was INR 0.87 compared to basic earnings per share from continuing operations of INR 27.81 a year ago. Diluted loss per share from continuing operations was INR 0.87 compared to diluted earnings per share from continuing operations of INR 27.81 a year ago.
For the full year, sales was INR 212.34 million compared to INR 4,389.6 million a year ago. Revenue was INR 664.34 million compared to INR 4,635.1 million a year ago. Net income was INR 216.58 million compared to INR 1,846.59 million a year ago. Basic earnings per share from continuing operations was INR 3.37 compared to INR 28.71 a year ago. Diluted earnings per share from continuing operations was INR 3.37 compared to INR 28.71 a year ago.