Akar Auto Industries 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 1,016.8 million compared to INR 868 million a year ago. Revenue was INR 1,017.34 million compared to INR 872.27 million a year ago. Net income was INR 27.92 million compared to INR 20.77 million a year ago. Basic earnings per share from continuing operations was INR 2.59 compared to INR 1.93 a year ago. Diluted earnings per share from continuing operations was INR 2.59 compared to INR 1.93 a year ago.
For the full year, sales was INR 3,670.67 million compared to INR 2,706.05 million a year ago. Revenue was INR 3,672.47 million compared to INR 2,712 million a year ago. Net income was INR 68.79 million compared to INR 68.77 million a year ago. Basic earnings per share from continuing operations was INR 6.38 compared to INR 6.37 a year ago. Diluted earnings per share from continuing operations was INR 6.38 compared to INR 6.37 a year ago.