Varroc Engineering 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 16,900.58 million compared to INR 16,519.87 million a year ago. Revenue was INR 17,112.54 million compared to INR 16,615.46 million a year ago. Net income was INR 396.23 million compared to net loss of INR 2,853.22 million a year ago. Basic earnings per share from continuing operations was INR 2.59 compared to basic loss per share from continuing operations of INR 2.16 a year ago. Basic earnings per share was INR 2.59 compared to basic loss per share of INR 18.68 a year ago.
For the full year, sales was INR 68,630.66 million compared to INR 58,442.01 million a year ago. Revenue was INR 69,209.47 million compared to INR 58,781.34 million a year ago. Net loss was INR 8,198.35 million compared to INR 11,098.79 million a year ago. Basic earnings per share from continuing operations was INR 2.36 compared to basic loss per share from continuing operations of INR 5.33 a year ago. Basic loss per share was INR 53.66 compared to INR 72.64 a year ago.