Prakash Pipes 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 1,558.7 million compared to INR 1,747.6 million a year ago. Revenue was INR 1,562.7 million compared to INR 1,750.7 million a year ago. Net income was INR 197.6 million compared to INR 131.9 million a year ago. Basic earnings per share from continuing operations was INR 8.27 compared to INR 5.52 a year ago.
For the full year, sales was INR 7,092.1 million compared to INR 6,167.5 million a year ago. Revenue was INR 7,308.2 million compared to INR 6,198.3 million a year ago. Net income was INR 712.9 million compared to INR 468 million a year ago. Basic earnings per share from continuing operations was INR 29.81 compared to INR 19.57 a year ago. Diluted earnings per share from continuing operations was INR 29.81 compared to INR 18.88 a year ago.