Gujarat Apollo Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 132.1 million compared to INR 291.88 million a year ago. Revenue was INR 185.79 million compared to INR 346.98 million a year ago.

Net income was INR 31.18 million compared to INR 15.1 million a year ago. Basic earnings per share from continuing operations was INR 2.75. Diluted earnings per share from continuing operations was INR 2.75.