trending Market Intelligence /marketintelligence/en/news-insights/trending/bH_0v9GbIChwprSK5CHEqw2 content esgSubNav
In This List

Mayur Leather Products fiscal Q1 profit climbs 31.2% YOY

The Cobalt Expansion Drive Is A Copper Story

Blog

IPEM 2023: Industry Outlook & Key Takeaways- In Crisis Lies Opportunity

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk

Podcast

Maritime and Trade Talk | Episode 11: Trade Outlook - Response To Geopolitical Events


Mayur Leather Products fiscal Q1 profit climbs 31.2% YOY

Mayur Leather Products Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 92 Indian paise per share, a gain of 30.9% from 71 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 4.5 million rupees, an increase of 31.2% from 3.4 million rupees in the prior-year period.

The normalized profit margin dropped to 6.4% from 8.3% in the year-earlier period.

Total revenue climbed 70.8% on an annual basis to 70.1 million rupees from 41.0 million rupees, and total operating expenses rose 75.6% on an annual basis to 63.7 million rupees from 36.3 million rupees.

Reported net income increased on an annual basis to 5.7 million rupees, or 1.17 rupees per share, from 5.5 million rupees, or 1.13 rupees per share.

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