trending Market Intelligence /marketintelligence/en/news-insights/trending/1zxYATD5Xn7nXynt50sqaQ2 content esgSubNav
In This List

Dharani Finance swings to profit in fiscal Q3

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

451 Research Podcast

Next in Tech | Episode 43: A Cloud Native Primer

Blog

COP26: Implications for the Financial Sector

Blog

Global 5G Survey: Operators push past COVID-19 to accelerate 5G network upgrades


Dharani Finance swings to profit in fiscal Q3

Dharani Finance Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 2.0 million rupees, compared with a loss of 337,500 rupees in the year-earlier period.

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

The normalized profit margin rose to 32.1% from negative 5.7% in the year-earlier period.

Total revenue climbed on an annual basis to 6.2 million rupees from 6.0 million rupees, and total operating expenses declined 52.9% from the prior-year period to 3.7 million rupees from 7.8 million rupees.

Reported net income came to 3.2 million rupees, compared with a loss of 540,000 rupees, or a loss of 11 paise per share, in the prior-year period.

As of Feb. 11, US$1 was equivalent to 68.37 Indian rupees.