trending Market Intelligence /marketintelligence/en/news-insights/trending/0bUGou5TKLxG_4CJRex_bQ2 content esgSubNav
In This List

SJ Corp. fiscal Q2 profit falls YOY

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | E10: Navigating Maritime Risks from an Insurers’ Perspective?

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events

Podcast

Maritime and Trade Talk | EP1: Part 1 - The Basics Of AIS


SJ Corp. fiscal Q2 profit falls YOY

SJ Corp. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 11 Indian paise per share, a decline of 27.8% from 15 paise per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 928,130 rupees, a decrease of 24.6% from 1.2 million rupees in the prior-year period.

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

Total revenue declined 12.7% on an annual basis to 79.8 million rupees from 91.4 million rupees, and total operating expenses declined 12.8% year over year to 77.7 million rupees from 89.2 million rupees.

Reported net income fell 33.5% from the prior-year period to 1.2 million rupees, or 14 paise per share, from 1.8 million rupees, or 22 paise per share.

As of Oct. 30, US$1 was equivalent to 65.41 Indian rupees.