trending Market Intelligence /marketintelligence/en/news-insights/trending/9lhpsixf-btvk3bzmfifgg2 content esgSubNav
In This List

Tyroon Tea fiscal Q2 profit falls YOY

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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Tyroon Tea fiscal Q2 profit falls YOY

Tyroon Tea Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 6.56 Indian rupees per share, a decrease of 23.8% from 8.61 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 22.3 million rupees, a decline of 23.8% from 29.3 million rupees in the year-earlier period.

The normalized profit margin fell to 22.4% from 24.9% in the year-earlier period.

Total revenue fell 15.1% year over year to 99.7 million rupees from 117.4 million rupees, and total operating expenses declined 7.8% on an annual basis to 68.7 million rupees from 74.5 million rupees.

Reported net income fell 23.8% from the prior-year period to 35.7 million rupees, or 10.49 rupees per share, from 46.8 million rupees, or 13.77 rupees per share.

As of Nov. 14, US$1 was equivalent to 61.73 Indian rupees.