Kanco Tea & Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 32.3 million compared to INR 24.9 million a year ago. Revenue was INR 49.9 million compared to INR 30.3 million a year ago. Net loss was INR 92.9 million compared to INR 104.2 million a year ago. Basic loss per share from continuing operations was INR 18.13 compared to INR 20.34 a year ago.
For the full year, sales was INR 765.2 million compared to INR 1,058.4 million a year ago. Revenue was INR 786.9 million compared to INR 1,063.7 million a year ago. Net loss was INR 88.4 million compared to net income of INR 87.4 million a year ago. Basic loss per share from continuing operations was INR 17.26 compared to basic earnings per share from continuing operations of INR 17.06 a year ago. Diluted loss per share from continuing operations was INR 17.26 compared to diluted earnings per share from continuing operations of INR 17.06 a year ago.