Sambandam Spinning 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 499.79 million compared to INR 968.36 million a year ago. Revenue was INR 533.1 million compared to INR 969.04 million a year ago. Net loss was INR 6.07 million compared to INR 51.7 million a year ago. Basic loss per share from continuing operations was INR 1.42 compared to INR 12.12 a year ago.
For the full year, sales was INR 2,632.51 million compared to INR 3,549.39 million a year ago. Revenue was INR 2,674.51 million compared to INR 3,553.68 million a year ago. Net loss was INR 117.3 million compared to net income of INR 151.48 million a year ago. Basic loss per share from continuing operations was INR 27.51 compared to basic earnings per share from continuing operations of INR 35.52 a year ago.