Aarvee Denims and Exports Ltd. reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 103.71 million compared to INR 1,070.64 million a year ago. Revenue was INR 105.37 million compared to INR 1,103.75 million a year ago.

Net loss was INR 185.9 million compared to INR 100.32 million a year ago. Basic loss per share from continuing operations was INR 7.92 compared to INR 6.09 a year ago. Basic loss per share was INR 7.92 compared to INR 4.28 a year ago.