Valecha Engineering Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 193 million compared to INR 685.7 million a year ago. Revenue was INR 201.4 million compared to INR 694.9 million a year ago.

Net loss was INR 225.1 million compared to INR 258.1 million a year ago. Basic loss per share from continuing operations was INR 16.35 compared to INR 17.91 a year ago. Diluted loss per share from continuing operations was INR 16.35 compared to INR 17.91 a year ago.