trending Market Intelligence /marketintelligence/en/news-insights/trending/-BL7OquvjSqnm7f9dJstoQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Enkei Wheels fiscal Q4 loss widens 25.7% YOY

Gold RRS 2020 — Top Gold Producers' Reserves In Decline

Infrastructure Issues: Understanding and Mitigating Risks

Trade Payment Risk Is Not Necessarily Default Risk

COVID-19: How can we tell which Local Governments will be most impacted by the Pandemic?

Enkei Wheels fiscal Q4 loss widens 25.7% YOY

Enkei Wheels (India) Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of 1.03 Indian rupees per share, compared with a loss of 90 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 13.8 million rupees, compared with a loss of 11.0 million rupees in the year-earlier period.

The normalized profit margin increased to negative 1.2% from negative 1.3% in the year-earlier period.

Total revenue increased 31.2% year over year to 1.12 billion rupees from 851.7 million rupees, and total operating expenses increased 42.4% on an annual basis to 1.08 billion rupees from 757.1 million rupees.

Reported net income totaled a loss of 10.7 million rupees, or a loss of 80 paise per share, compared to income of 31.4 million rupees, or 2.56 rupees per share, in the prior-year period.

For the year, the company's normalized net income totaled 88 paise per share, compared with a loss of 2.14 rupees per share in the prior year.

Normalized net income was 11.4 million rupees, compared with a loss of 27.3 million rupees in the prior year.

Full-year total revenue rose 20.0% year over year to 3.84 billion rupees from 3.20 billion rupees, and total operating expenses rose 19.9% year over year to 3.70 billion rupees from 3.09 billion rupees.

The company said reported net income increased year over year to 22.8 million rupees, or 1.76 rupees per share, in the full year, from 5.4 million rupees, or 42 paise per share.

As of July 28, US$1 was equivalent to 63.82 Indian rupees.