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


Global M&A by the Numbers Q4 2023

NTC Industries fiscal Q2 profit falls YOY

NTC industries Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 38 Indian paise per share, a decline of 21.1% from 48 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 4.0 million rupees, a decrease of 21.7% from 5.2 million rupees in the year-earlier period.

The normalized profit margin climbed to 10.5% from 7.8% in the year-earlier period.

Total revenue declined 42.2% on an annual basis to 38.4 million rupees from 66.4 million rupees, and total operating expenses decreased 54.5% from the prior-year period to 30.2 million rupees from 66.3 million rupees.

Reported net income declined 21.7% on an annual basis to 6.5 million rupees, or 60 paise per share, from 8.3 million rupees, or 76 paise per share.

As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.