Max India Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 406.7 million compared to INR 436.1 million a year ago. Revenue was INR 455 million compared to INR 461 million a year ago.

Net loss was INR 122.1 million compared to INR 41.7 million a year ago. Basic loss per share from continuing operations was INR 2.84 compared to INR 0.78 a year ago. Diluted loss per share from continuing operations was INR 2.84 compared to INR 0.78 a year ago.