Valley Magnesite Company Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported revenue was INR 3.14 million compared to negative revenue of INR 0.276 million a year ago. Net income was INR 0.073 million compared to net loss of INR 1.36 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to basic loss per share from continuing operations of INR 1.29 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to diluted loss per share from continuing operations of INR 1.29 a year ago.
For the full year, revenue was INR 18.61 million compared to INR 8.24 million a year ago. Net income was INR 11.53 million compared to INR 5.1 million a year ago. Basic earnings per share from continuing operations was INR 10.98 compared to INR 4.85 a year ago. Diluted earnings per share from continuing operations was INR 1,098 compared to INR 4.85 a year ago.