trending Market Intelligence /marketintelligence/en/news-insights/trending/EFLmuwJ5OxfpwIS3uNfOnQ2 content esgSubNav
In This List

Simbhaoli Sugars fiscal Q1 loss narrows YOY

Case Study

Powering the markets of the future with data and AI

Blog

Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha

Video

Battery metals - unbated long term need for supply security despite short-term headwinds


Simbhaoli Sugars fiscal Q1 loss narrows YOY

Simbhaoli Sugars Ltd said its normalized net income for the fiscal first quarter ended June 30 was a loss of 7.95 Indian rupees per share, compared with a loss of 9.51 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 a loss of 219.7 million rupees, compared with a loss of 263.8 million rupees in the year-earlier period.

The normalized profit margin dropped to negative 10.0% from negative 8.6% in the year-earlier period.

Total revenue decreased 28.2% on an annual basis to 2.19 billion rupees from 3.05 billion rupees, and total operating expenses fell 28.7% on an annual basis to 2.23 billion rupees from 3.13 billion rupees.

Reported net income totaled a loss of 345.9 million rupees, or a loss of 12.52 rupees per share, compared to a loss of 418.2 million rupees, or a loss of 15.08 rupees per share, in the year-earlier period.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.