trending Market Intelligence /marketintelligence/en/news-insights/trending/6Xg60-MFyOjjlp8wu_Hbtw2 content esgSubNav
In This List

Rajvir Industries swings to loss in fiscal Q1

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


Rajvir Industries swings to loss in fiscal Q1

Rajvir Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 6.38 Indian rupees per share, compared with 1.14 rupees 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 19.4 million rupees, compared with income of 3.5 million rupees in the year-earlier period.

The normalized profit margin fell to negative 7.1% from 0.5% in the year-earlier period.

Total revenue declined 59.5% year over year to 272.7 million rupees from 672.5 million rupees, and total operating expenses declined 59.5% from the prior-year period to 249.8 million rupees from 617.0 million rupees.

Reported net income came to a loss of 20.7 million rupees, or a loss of 6.82 rupees per share, compared to income of 4.8 million rupees, or 1.57 rupees per share, in the prior-year period.

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