trending Market Intelligence /marketintelligence/en/news-insights/trending/bt70slGsveodoKgCF-LMmw2 content esgSubNav
In This List

Tata Textile Mills fiscal Q2 profit falls 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


Tata Textile Mills fiscal Q2 profit falls YOY

Tata Textile Mills Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 1.70 Pakistani rupees per share, a decline of 58.1% from 4.06 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 29.5 million rupees, a decrease of 58.1% from 70.3 million rupees in the prior-year period.

The normalized profit margin dropped to 2.3% from 5.9% in the year-earlier period.

Total revenue rose 7.0% on an annual basis to 1.28 billion rupees from 1.20 billion rupees, and total operating expenses rose 17.8% year over year to 1.23 billion rupees from 1.04 billion rupees.

Reported net income declined 66.4% on an annual basis to 37.2 million rupees, or 2.15 rupees per share, from 110.6 million rupees, or 6.39 rupees per share.

As of Feb. 27, US$1 was equivalent to 101.83 Pakistani rupees.