SMIFS Capital Markets Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 121.1 million compared to INR 165.05 million a year ago. Revenue was INR 130.62 million compared to INR 171.03 million a year ago.

Net income was INR 0.661 million compared to INR 1.5 million a year ago. Basic earnings per share from continuing operations was INR 0.12 compared to INR 0.27 a year ago.