Energy Development Company Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 58.5 million compared to INR 75.59 million a year ago. Revenue was INR 61.77 million compared to INR 96.4 million a year ago.

Net loss was INR 16.1 million compared to net income of INR 8.97 million a year ago. Basic loss per share from continuing operations was INR 0.34. Diluted loss per share from continuing operations was INR 0.34.