Ashirwad Steels & Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 1.52 million compared to INR 2.85 million a year ago. Revenue was INR 7.92 million compared to INR 12.08 million a year ago.

Net income was INR 2.96 million compared to INR 7.44 million a year ago. Basic earnings per share from continuing operations was INR 0.24 compared to INR 0.59 a year ago. Diluted earnings per share from continuing operations was INR 0.24 compared to INR 0.59 a year ago.