Panacea Biotec Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 1,291.9 million compared to INR 1,107 million a year ago. Revenue was INR 1,352.7 million compared to INR 1,229.1 million a year ago.

Net income was INR 109.8 million compared to net loss of INR 561.4 million a year ago. Basic earnings per share from continuing operations was INR 1.79 compared to basic loss per share from continuing operations of INR 9.17 a year ago.