Eastcoast Steel Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 114.9 million compared to INR 25.71 million a year ago. Revenue was INR 121.29 million compared to INR 28.45 million a year ago. Net income was INR 0.457 million compared to INR 0.407 million a year ago. Basic earnings per share from continuing operations was INR 0.07 compared to INR 0.07 a year ago. Diluted earnings per share from continuing operations was INR 0.07 compared to INR 0.07 a year ago.
For the full year, sales was INR 197.58 million compared to INR 49.6 million a year ago. Revenue was INR 214.8 million compared to INR 64.86 million a year ago. Net loss was INR 0.294 million compared to net income of INR 7.89 million a year ago. Basic loss per share from continuing operations was INR 0.05 compared to basic earnings per share from continuing operations of INR 1.46 a year ago. Diluted loss per share from continuing operations was INR 0.05 compared to diluted earnings per share from continuing operations of INR 1.46 a year ago.