trending Market Intelligence /marketintelligence/en/news-insights/trending/cwR9NdMx2Dedp6gb9isltQ2 content esgSubNav
In This List

Loyal Textile Mills fiscal Q3 profit falls 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


Loyal Textile Mills fiscal Q3 profit falls YOY

Loyal Textile Mills Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1.81 Indian rupees per share, a decrease of 81.6% from 9.82 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 8.8 million rupees, a decrease of 81.4% from 47.4 million rupees in the year-earlier period.

The normalized profit margin dropped to 0.3% from 1.2% in the year-earlier period.

Total revenue fell 15.6% on an annual basis to 3.32 billion rupees from 3.94 billion rupees, and total operating expenses fell 14.9% on an annual basis to 3.14 billion rupees from 3.69 billion rupees.

Reported net income decreased 78.6% year over year to 9.3 million rupees, or 1.91 rupees per share, from 43.4 million rupees, or 9.00 rupees per share.

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