Marine Electricals (India) 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 1,431.21 million compared to INR 940.62 million a year ago. Revenue was INR 1,442.18 million compared to INR 949.32 million a year ago. Net income was INR 41.41 million compared to INR 45.04 million a year ago. Basic earnings per share from continuing operations was INR 0.34 compared to INR 0.37 a year ago. Diluted earnings per share from continuing operations was INR 0.33 compared to INR 0.37 a year ago.
For the full year, sales was INR 4,428.54 million compared to INR 3,763.29 million a year ago. Revenue was INR 4,473.8 million compared to INR 3,811.82 million a year ago. Net income was INR 169.95 million compared to INR 129.77 million a year ago. Basic earnings per share from continuing operations was INR 1.38 compared to INR 1.06 a year ago. Diluted earnings per share from continuing operations was INR 1.36 compared to INR 1.06 a year ago.