trending Market Intelligence /marketintelligence/en/news-insights/trending/_g2TYDdAqi0M0n5GAzpOCg2 content esgSubNav
In This List

SEL Manufacturing fiscal Q3 loss narrows 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

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


SEL Manufacturing fiscal Q3 loss narrows YOY

SEL Manufacturing Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 35 Indian paise per share, compared with a loss of 1.43 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 116.8 million rupees, compared with a loss of 476.1 million rupees in the year-earlier period.

The normalized profit margin climbed to negative 1.9% from negative 5.4% in the year-earlier period.

Total revenue decreased 28.1% year over year to 6.30 billion rupees from 8.77 billion rupees, and total operating expenses fell 24.2% on an annual basis to 6.29 billion rupees from 8.31 billion rupees.

Reported net income came to a loss of 182.7 million rupees, or a loss of 55 paise per share, compared to a loss of 778.3 million rupees, or a loss of 2.34 rupees per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.