trending Market Intelligence /marketintelligence/en/news-insights/trending/ain0gcqaEOlg5tsSF_-YYw2 content esgSubNav
In This List

Cantil Retail India swings to profit in fiscal Q3

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


Cantil Retail India swings to profit in fiscal Q3

Cantabil Retail India Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 46 Indian paise per share, compared with a loss of 40 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 7.5 million rupees, compared with a loss of 6.6 million rupees in the prior-year period.

The normalized profit margin rose to 1.9% from negative 2.1% in the year-earlier period.

Total revenue rose 28.2% on an annual basis to 397.3 million rupees from 309.8 million rupees, and total operating expenses rose 20.8% year over year to 372.5 million rupees from 308.2 million rupees.

Reported net income totaled 14.1 million rupees, or 86 paise per share, compared to a loss of 10.9 million rupees, or a loss of 67 paise per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to 62.20 Indian rupees.