IP Rings Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 762.38 million compared to INR 790.99 million a year ago. Revenue was INR 775.25 million compared to INR 800.41 million a year ago.

Net loss was INR 11.51 million compared to net income of INR 21.67 million a year ago. Basic loss per share from continuing operations was INR 0.91 compared to basic earnings per share from continuing operations of INR 1.71 a year ago. Diluted loss per share from continuing operations was INR 0.91 compared to diluted earnings per share from continuing operations of INR 1.71 a year ago.