Stovec Industries Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was INR 443.95 million compared to INR 659.94 million a year ago. Revenue was INR 457.65 million compared to INR 672.37 million a year ago.

Net income was INR 24.47 million compared to INR 96.84 million a year ago. Basic earnings per share from continuing operations was INR 11.72 compared to INR 46.38 a year ago. Diluted earnings per share from continuing operations was INR 11.72 compared to INR 46.38 a year ago.