trending Market Intelligence /marketintelligence/en/news-insights/trending/ByhcKCy1ryTXCJ-LoyLfiA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Sportking India swings to profit in fiscal Q2

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Technology Outlook for H2 2021

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


Sportking India swings to profit in fiscal Q2

Sportking India Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 11.79 Indian rupees per share, compared with a loss of 42.12 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 42.0 million rupees, compared with a loss of 150.0 million rupees in the year-earlier period.

The normalized profit margin climbed to 1.7% from negative 5.2% in the year-earlier period.

Total revenue declined 16.1% year over year to 2.44 billion rupees from 2.91 billion rupees, and total operating expenses fell 25.0% from the prior-year period to 2.26 billion rupees from 3.01 billion rupees.

Reported net income totaled 67.2 million rupees, or 18.87 rupees per share, compared to a loss of 160.0 million rupees, or a loss of 44.92 rupees per share, in the prior-year period.

As of Nov. 13, US$1 was equivalent to 66.19 Indian rupees.