Panyam Cements and Mineral Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 147.83 million compared to INR 46.1 million a year ago. Revenue was INR 148.78 million compared to INR 46.11 million a year ago.

Net loss was INR 123.72 million compared to INR 21.16 million a year ago. Basic loss per share from continuing operations was INR 15.42 compared to INR 52.76 a year ago. Diluted loss per share from continuing operations was INR 15.42.