trending Market Intelligence /marketintelligence/en/news-insights/trending/5z20hcym4KAVyDklmY53dQ2 content esgSubNav
In This List

Pearl Global Industries swings to profit 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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Pearl Global Industries swings to profit in fiscal Q3

Pearl Global Industries Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 2.57 Indian rupees per share, compared with a loss of 18 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 55.7 million rupees, compared with a loss of 3.9 million rupees in the year-earlier period.

The normalized profit margin rose to 2.4% from negative 0.0% in the year-earlier period.

Total revenue declined 77.7% year over year to 2.36 billion rupees from 10.59 billion rupees, and total operating expenses fell 78.8% year over year to 2.27 billion rupees from 10.67 billion rupees.

Reported net income came to 70.2 million rupees, or 3.24 rupees per share, compared to a loss of 48.3 million rupees, or a loss of 2.23 rupees per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.