IFCI Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 83.4 million compared to INR 77 million a year ago. Revenue was INR 3,243.6 million compared to INR 3,170.2 million a year ago.

Net loss was INR 1,399.8 million compared to INR 2,086.1 million a year ago. Basic loss per share from continuing operations was INR 0.56 compared to INR 0.99 a year ago. Diluted loss per share from continuing operations was INR 0.56 compared to INR 0.99 a year ago.