trending Market Intelligence /marketintelligence/en/news-insights/trending/0QTCEPYrruVdwMRILgypsg2 content esgSubNav
In This List

Filatex Fashions fiscal Q3 profit falls YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023


Banking Essentials Newsletter 21st February Edition

Filatex Fashions fiscal Q3 profit falls YOY

Filatex Fashions Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 358,750 rupees, a fall of 88.6% from 3.1 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.4% from 4.7% in the year-earlier period.

Total revenue grew 33.6% year over year to 88.5 million rupees from 66.2 million rupees, and total operating expenses grew 44.6% from the prior-year period to 87.5 million rupees from 60.6 million rupees.

Reported net income totaled 429,000 rupees, compared with 5.0 million rupees, or 42 paise per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.