Loyal Textile Mills Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 2,866.8 million compared to INR 4,355.5 million a year ago. Revenue was INR 2,946.3 million compared to INR 4,389 million a year ago.

Net loss was INR 98.2 million compared to net income of INR 218.4 million a year ago. Basic loss per share from continuing operations was INR 20.39 compared to basic earnings per share from continuing operations of INR 45.35 a year ago. Diluted loss per share from continuing operations was INR 20.39 compared to diluted earnings per share from continuing operations of INR 45.35 a year ago.