Kanani Industries Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 817.32 million compared to INR 950.13 million a year ago. Revenue was INR 821.02 million compared to INR 951.38 million a year ago.

Net income was INR 3.2 million compared to INR 12.51 million a year ago. Basic earnings per share from continuing operations was INR 0.015 compared to INR 0.065 a year ago. Diluted earnings per share from continuing operations was INR 0.015 compared to INR 0.065 a year ago.