Swadeshi Polytex Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 45.37 million compared to INR 136.94 million a year ago. Revenue was INR 57.49 million compared to INR 140.43 million a year ago.

Net income was INR 39.14 million compared to INR 106.21 million a year ago. Basic earnings per share from continuing operations was INR 1 compared to INR 2.72 a year ago. Diluted earnings per share from continuing operations was INR 1 compared to INR 2.72 a year ago.