trending Market Intelligence /marketintelligence/en/news-insights/trending/_TgLSJ2JVh6G82PHQ2g-RQ2 content esgSubNav
In This List

Vyapar Industries fiscal Q1 loss widens 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


Vyapar Industries fiscal Q1 loss widens YOY

Vyapar Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 was a loss of 17 Indian paise per share, compared with a loss of 1 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 1.8 million rupees, compared with a loss of 143,750 rupees in the prior-year period.

The normalized profit margin declined to negative 6.2% from negative 0.3% in the year-earlier period.

Total revenue decreased 30.5% year over year to 29.7 million rupees from 42.7 million rupees, and total operating expenses decreased 26.1% from the prior-year period to 34.2 million rupees from 46.2 million rupees.

Reported net income came to a loss of 11.9 million rupees, or a loss of 1.09 rupees per share, compared to a loss of 230,000 rupees, or a loss of 2 paise per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.