trending Market Intelligence /marketintelligence/en/news-insights/trending/_UcNGpgyVEQ70RNz3jranw2 content esgSubNav
In This List

Triveni Engineering & Industries fiscal Q1 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


Triveni Engineering & Industries fiscal Q1 loss narrows YOY

Triveni Engineering & Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 22 Indian paise per share, compared with a loss of 59 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 56.9 million rupees, compared with a loss of 151.6 million rupees in the year-earlier period.

The normalized profit margin climbed to negative 1.0% from negative 3.6% in the year-earlier period.

Total revenue grew 36.0% year over year to 5.75 billion rupees from 4.23 billion rupees, and total operating expenses increased 34.7% year over year to 5.57 billion rupees from 4.13 billion rupees.

Reported net income came to a loss of 58.9 million rupees, or a loss of 23 paise per share, compared to a loss of 193.0 million rupees, or a loss of 75 paise per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.