Axtel Industries Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 304.43 million compared to INR 242 million a year ago. Revenue was INR 309.02 million compared to INR 250.19 million a year ago.

Net loss was INR 6.66 million compared to net income of INR 30.22 million a year ago. Basic loss per share from continuing operations was INR 0.41 compared to basic earnings per share from continuing operations of INR 1.87 a year ago. Diluted loss per share from continuing operations was INR 0.41 compared to diluted earnings per share from continuing operations of INR 1.87 a year ago.