Excel Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 2,142.84 million compared to INR 3,288.15 million a year ago. Revenue was INR 2,235.97 million compared to INR 3,314.33 million a year ago.

Net income was INR 58.76 million compared to INR 370.46 million a year ago. Basic earnings per share from continuing operations was INR 4.67 compared to INR 29.47 a year ago. Diluted earnings per share from continuing operations was INR 4.67 compared to INR 29.47 a year ago.