trending Market Intelligence /marketintelligence/en/news-insights/trending/cvL3zqOayrKxgDlI4PaKsw2 content esgSubNav
In This List

Rainbow Denim fiscal Q3 loss narrows 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


Rainbow Denim fiscal Q3 loss narrows YOY

Rainbow Denim Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of 1.48 Indian rupees per share, compared with a loss of 3.52 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 a loss of 19.7 million rupees, compared with a loss of 46.8 million rupees in the year-earlier period.

The normalized profit margin climbed to negative 4.4% from negative 17.2% in the year-earlier period.

Total revenue rose 65.3% year over year to 450.6 million rupees from 272.6 million rupees, and total operating expenses climbed 39.2% year over year to 456.2 million rupees from 327.7 million rupees.

Reported net income totaled a loss of 31.5 million rupees, or a loss of 2.37 rupees per share, compared to a loss of 74.9 million rupees, or a loss of 5.64 rupees per share, in the prior-year period.

As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.