trending Market Intelligence /marketintelligence/en/news-insights/trending/bX8EgTyxsib9KsY5Gj5hZw2 content esgSubNav
In This List

Warren Tea fiscal Q1 profit climbs 72.6% 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


Warren Tea fiscal Q1 profit climbs 72.6% YOY

Warren Tea Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 2.27 Indian rupees per share, an increase of 72.5% from 1.32 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 27.2 million rupees, a gain of 72.6% from 15.8 million rupees in the prior-year period.

The normalized profit margin rose to 11.1% from 10.2% in the year-earlier period.

Total revenue rose 59.1% on an annual basis to 244.7 million rupees from 153.8 million rupees, and total operating expenses rose 54.3% from the prior-year period to 202.7 million rupees from 131.4 million rupees.

Reported net income rose 72.6% year over year to 43.5 million rupees, or 3.64 rupees per share, from 25.2 million rupees, or 2.11 rupees per share.

As of Aug. 8, US$1 was equivalent to 61.15 Indian rupees.