Ambika Cotton Mills Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 2,219.5 million compared to INR 2,537.5 million a year ago. Revenue was INR 2,330 million compared to INR 2,567.9 million a year ago.

Net income was INR 207.5 million compared to INR 388.7 million a year ago. Basic earnings per share from continuing operations was INR 36.24 compared to INR 67.9 a year ago. Diluted earnings per share from continuing operations was INR 36.24 compared to INR 67.9 a year ago.