IFB Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 10,859.1 million compared to INR 10,674 million a year ago. Revenue was INR 10,936.9 million compared to INR 10,717.3 million a year ago.

Net loss was INR 6.2 million compared to net income of INR 19 million a year ago. Basic loss per share from continuing operations was INR 0.15 compared to basic earnings per share from continuing operations of INR 0.47 a year ago.