Rainbow Foundations 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 329.39 million compared to INR 155.47 million a year ago. Revenue was INR 332.44 million compared to INR 171.08 million a year ago. Net income was INR 30.32 million compared to net loss of INR 3.44 million a year ago. Basic earnings per share from continuing operations was INR 0.61 compared to basic loss per share from continuing operations of INR 0.07 a year ago. Diluted earnings per share from continuing operations was INR 0.61 compared to diluted loss per share from continuing operations of INR 0.07 a year ago.
For the full year, sales was INR 934.83 million compared to INR 402.41 million a year ago. Revenue was INR 972.05 million compared to INR 455.66 million a year ago. Net income was INR 38.19 million compared to INR 13.51 million a year ago. Basic earnings per share from continuing operations was INR 0.77 compared to INR 0.29 a year ago. Diluted earnings per share from continuing operations was INR 0.77 compared to INR 0.29 a year ago.