Cravatex Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 565.98 million compared to INR 1,624 million a year ago. Revenue was INR 581.76 million compared to INR 1,639 million a year ago.

Net income was INR 4.24 million compared to net loss of INR 111.07 million a year ago. Basic earnings per share from continuing operations was INR 1.64 compared to basic loss per share from continuing operations of INR 42.98 a year ago. Diluted earnings per share from continuing operations was INR 1.64 compared to diluted loss per share from continuing operations of INR 42.98 a year ago.