trending Market Intelligence /marketintelligence/en/news-insights/trending/bzOaThZvuIwDNmhJPgjp6Q2 content esgSubNav
In This List

Prima Industries swings to profit in fiscal Q2


Street Talk | Episode 108 - Weighing Fed rate hikes against banks' liquidity crunch


Snapshot: The Ripple Effects of 2023 Bank Failures


Master of Risk | Episode 1: Discussion with Natalia Hunik, CRO, Cubelogic

Case Study

A Private Equity Firm Leverages Technology to Optimize Data Management and Analysis

Prima Industries swings to profit in fiscal Q2

Prima Industries Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 5.8 million rupees, compared with a loss of 626,880 rupees in the prior-year period.

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

The normalized profit margin rose to 9.8% from negative 1.6% in the year-earlier period.

Total revenue grew 47.4% year over year to 59.2 million rupees from 40.1 million rupees, and total operating expenses climbed 21.5% year over year to 49.9 million rupees from 41.1 million rupees.

Reported net income came to 9.3 million rupees, or 86 paise per share, compared to a loss of 1.0 million rupees in the year-earlier period.

As of Oct. 30, US$1 was equivalent to 61.37 Indian rupees.