trending Market Intelligence /marketintelligence/en/news-insights/trending/6qn_LJNR1jnNlnGJ2w2b3A2 content esgSubNav
In This List

Shiva Texyarn fiscal Q2 profit climbs YOY


2022 broadband forecast shifts to market share battle with intense competition


Expand Your Perspective: Innovation


Optimism abounds in Indian online video industry


Next in Tech | Episode 64: Digital infrastructure – towers and datacenters unite! Sort of...

Shiva Texyarn fiscal Q2 profit climbs YOY

Shiva Texyarn Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 2.65 Indian rupees per share, an increase from 47 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 34.3 million rupees, an increase from 6.1 million rupees in the prior-year period.

The normalized profit margin increased to 3.1% from 0.5% in the year-earlier period.

Total revenue totaled 1.12 billion rupees, compared with 1.13 billion rupees in the year-earlier period, and total operating expenses fell from the prior-year period to 1.01 billion rupees from 1.06 billion rupees.

Reported net income grew year over year to 50.8 million rupees, or 3.92 rupees per share, from 17.6 million rupees, or 1.35 rupees per share.

As of Nov. 12, US$1 was equivalent to 66.10 Indian rupees.