VL E-Governance & IT Solutions Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported revenue was INR 0.828 million compared to INR 1,648.49 million a year ago. Net loss was INR 1,634.73 million compared to INR 34.88 million a year ago. Basic loss per share from continuing operations was INR 15.43 compared to INR 0.33 a year ago. Diluted loss per share from continuing operations was INR 15.43 compared to INR 0.33 a year ago.
For the full year, sales was INR 220.11 million compared to INR 7,295.28 million a year ago. Revenue was INR 224.53 million compared to INR 7,323.16 million a year ago. Net loss was INR 1,699.32 million compared to net income of INR 58.86 million a year ago. Basic loss per share from continuing operations was INR 16.04 compared to basic earnings per share from continuing operations of INR 0.56 a year ago. Diluted loss per share from continuing operations was INR 16.04 compared to diluted earnings per share from continuing operations of INR 0.56 a year ago.