trending Market Intelligence /marketintelligence/en/news-insights/trending/cPJqMdSBi6pl-cIAhRf0KA2 content esgSubNav
In This List

Kretto Syscon swings to profit in fiscal Q1

Case Study

Identifying PPE Suppliers During the Pandemic


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


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


Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Kretto Syscon swings to profit in fiscal Q1

Kretto Syscon Ltd said its normalized net income for the fiscal first quarter ended June 30 was 6,880 rupees, compared with a loss of 5,630 rupees in the year-earlier period.

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

The normalized profit margin increased to 0.8% from negative 0.7% in the year-earlier period.

Total revenue increased 15.2% year over year to 870,000 rupees from 755,000 rupees, and total operating expenses increased 12.4% from the prior-year period to 859,000 rupees from 764,000 rupees.

Reported net income came to 11,000 rupees, or 4 paise per share, compared to a loss of 9,000 rupees in the prior-year period.

As of July 18, US$1 was equivalent to 60.44 Indian rupees.