Coral Laboratories 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 114.38 million compared to INR 200.77 million a year ago. Revenue was INR 125.99 million compared to INR 216.06 million a year ago. Net loss was INR 8.92 million compared to net income of INR 25.46 million a year ago. Basic loss per share from continuing operations was INR 2.5 compared to basic earnings per share from continuing operations of INR 7.13 a year ago. Diluted loss per share from continuing operations was INR 2.5 compared to diluted earnings per share from continuing operations of INR 7.13 a year ago.
For the full year, sales was INR 781.19 million compared to INR 756.11 million a year ago. Revenue was INR 850.14 million compared to INR 804.24 million a year ago. Net income was INR 64.45 million compared to INR 90.46 million a year ago. Basic earnings per share from continuing operations was INR 18.04 compared to INR 25.32 a year ago. Diluted earnings per share from continuing operations was INR 18.04 compared to INR 25.32 a year ago.