trending Market Intelligence /marketintelligence/en/news-insights/trending/6XzYAWL6MC-J10wiofnFAQ2 content esgSubNav
In This List

Ginni Filaments fiscal Q1 profit falls YOY


The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Case Study

An Asset Manager Meets Client Redistribution Demands for Excel-based Statements


MediaTalk | Season 2
Ep.1: Broadcast's Big Year

Ginni Filaments fiscal Q1 profit falls YOY

Ginni Filaments Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to 39 Indian paise per share, a decrease of 61.6% from 1.03 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 28.8 million rupees, a decrease of 60.9% from 73.5 million rupees in the year-earlier period.

The normalized profit margin declined to 1.3% from 3.8% in the year-earlier period.

Total revenue rose 11.2% on an annual basis to 2.13 billion rupees from 1.92 billion rupees, and total operating expenses grew 15.8% from the prior-year period to 1.97 billion rupees from 1.70 billion rupees.

Reported net income declined 66.3% year over year to 38.0 million rupees, or 52 paise per share, from 112.6 million rupees, or 1.57 rupees per share.

As of Aug. 1, US$1 was equivalent to 60.84 Indian rupees.