Ambika Cotton Mills 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 1,862.2 million compared to INR 2,603.5 million a year ago. Revenue was INR 1,902.8 million compared to INR 2,628.2 million a year ago. Net income was INR 181.3 million compared to INR 467 million a year ago. Basic earnings per share from continuing operations was INR 31.67 compared to INR 81.57 a year ago. Diluted earnings per share from continuing operations was INR 31.67 compared to INR 81.57 a year ago.
For the full year, sales was INR 8,475 million compared to INR 9,205.2 million a year ago. Revenue was INR 8,613.5 million compared to INR 9,254.8 million a year ago. Net income was INR 1,119 million compared to INR 1,798.9 million a year ago. Basic earnings per share from continuing operations was INR 195.45 compared to INR 314.21 a year ago. Diluted earnings per share from continuing operations was INR 195.45 compared to INR 314.21 a year ago.