Elitecon International Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported negative sales was INR 7.14 million compared to sales of INR 200.69 million a year ago. Negative revenue was INR 7.14 million compared to revenue of INR 200.73 million a year ago.

Net loss was INR 25.4 million compared to net income of INR 4.1 million a year ago. Basic loss per share from continuing operations was INR 20.99 compared to basic earnings per share from continuing operations of INR 3.39 a year ago. Diluted loss per share from continuing operations was INR 20.99 compared to diluted earnings per share from continuing operations of INR 3.39 a year ago.