Axtel Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 479.08 million compared to INR 304.43 million a year ago. Revenue was INR 486.61 million compared to INR 309.02 million a year ago.

Net income was INR 53.21 million compared to net loss of INR 6.66 million a year ago. Basic earnings per share from continuing operations was INR 3.29 compared to basic loss per share from continuing operations of INR 0.41 a year ago. Diluted earnings per share from continuing operations was INR 3.29 compared to diluted loss per share from continuing operations of INR 0.41 a year ago.