trending Market Intelligence /marketintelligence/en/news-insights/trending/2YGGnF62xM8rcaYR1EMPHg2 content esgSubNav
In This List

Rajapalayam Mills swings to loss in fiscal Q3

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Rajapalayam Mills swings to loss in fiscal Q3

Rajapalayam Mills Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 2.24 Indian rupees per share, compared with 5.87 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 15.8 million rupees, compared with income of 45.8 million rupees in the prior-year period.

The normalized profit margin fell to negative 1.7% from 4.1% in the year-earlier period.

Total revenue declined 19.2% on an annual basis to 906.7 million rupees from 1.12 billion rupees, and total operating expenses fell 13.0% year over year to 866.0 million rupees from 994.9 million rupees.

Reported net income came to a loss of 28.1 million rupees, or a loss of 4.00 rupees per share, compared to income of 39.0 million rupees, or 5.00 rupees per share, in the year-earlier period.

As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.