trending Market Intelligence /marketintelligence/en/news-insights/trending/9glBhqCSxm3b2MpCf8oDhA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Sanrhea Technical Textiles swings to loss in fiscal Q3

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

COVID: What’s the bottom line: Credit Impact of COVID-19 on US Municipals

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year

Blog

The State of Green Business 2021: Positive Impact


Sanrhea Technical Textiles swings to loss in fiscal Q3

Sanrhea Technical Textiles Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to a loss of 1.33 Indian rupees per share, compared with 11 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 4.0 million rupees, compared with income of 321,250 rupees in the year-earlier period.

The normalized profit margin dropped to negative 11.8% from 0.3% in the year-earlier period.

Total revenue declined 63.4% year over year to 33.8 million rupees from 92.2 million rupees, and total operating expenses declined 58.1% on an annual basis to 37.2 million rupees from 88.8 million rupees.

Reported net income totaled a loss of 6.3 million rupees, or a loss of 2.10 rupees per share, compared to income of 419,000 rupees, or 14 paise per share, in the year-earlier period.

As of Feb. 12, US$1 was equivalent to 68.19 Indian rupees.