trending Market Intelligence /marketintelligence/en/news-insights/trending/aMSCYviCfAvc50HDUJp_5g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Hind Syntex posts fiscal Q4 loss

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity


Hind Syntex posts fiscal Q4 loss

Hind Syntex Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to a loss of 1.9 million rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 2.1%.

Total revenue totaled 88.9 million rupees, and total operating expenses came to 86.1 million rupees.

Reported net income totaled 494,560 rupees, or 4 paise per share.

For the year, the company's normalized net income totaled a loss of 8 paise per share, compared with 14.75 rupees per share in the prior year.

Normalized net income was a loss of 997,410 rupees, compared with income of 187.6 million rupees in the prior year.

Full-year total revenue declined 18.0% from the prior-year period to 382.6 million rupees from 466.9 million rupees, and total operating expenses declined 26.3% on an annual basis to 386.9 million rupees from 524.9 million rupees.

The company said reported net income declined 99.4% on an annual basis to 1.9 million rupees, or 15 paise per share, in the full year, from 305.9 million rupees, or 24.04 rupees per share.

As of May 29, US$1 was equivalent to 63.76 Indian rupees.