trending Market Intelligence /marketintelligence/en/news-insights/trending/6vFEufiuoG5IJY_8lvCdzw2 content esgSubNav
In This List

Sri Ramakrishna Mills fiscal Q1 loss narrows YOY

Podcast

Next in Tech | Episode 66: Connected vehicles in transition

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Sri Ramakrishna Mills fiscal Q1 loss narrows YOY

Sri Ramakrishna Mills (Coimbatore) Ltd. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 57 Indian paise per share, compared with a loss of 76 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 a loss of 4.1 million rupees, compared with a loss of 5.4 million rupees in the year-earlier period.

The normalized profit margin increased to negative 7.1% from negative 17.0% in the year-earlier period.

Total revenue climbed 81.7% year over year to 57.7 million rupees from 31.7 million rupees, and total operating expenses grew 72.1% from the prior-year period to 56.9 million rupees from 33.1 million rupees.

Reported net income came to a loss of 6.5 million rupees, or a loss of 92 paise per share, compared to a loss of 8.6 million rupees, or a loss of 1.21 rupees per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to 64.75 Indian rupees.