trending Market Intelligence /marketintelligence/en/news-insights/trending/4dOOX6gGJdJDdb_Ei9UEUQ2 content esgSubNav
In This List

Supreme Tex Mart swings to loss in fiscal Q1

Podcast

MediaTalk | Season 2
Ep.8 The Masters Returns

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Claim it back: Maximizing your tax refund

Case Study

How a Major Bank Expanded Its Online Brokerage with an Innovative Charting Experience


Supreme Tex Mart swings to loss in fiscal Q1

Supreme Tex Mart Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 66 Indian paise per share, compared with 60 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 a loss of 45.3 million rupees, compared with income of 38.3 million rupees in the year-earlier period.

The normalized profit margin declined to negative 4.2% from 1.7% in the year-earlier period.

Total revenue fell 52.0% year over year to 1.07 billion rupees from 2.23 billion rupees, and total operating expenses fell 50.0% on an annual basis to 1.03 billion rupees from 2.05 billion rupees.

Reported net income totaled a loss of 53.3 million rupees, or a loss of 78 paise per share, compared to income of 39.2 million rupees, or 61 paise per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.