trending Market Intelligence /marketintelligence/en/news-insights/trending/E_XDIevk5dfnStVrAnosww2 content esgSubNav
In This List

Suryajyoti Spinning Mills fiscal Q1 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


Suryajyoti Spinning Mills fiscal Q1 loss narrows YOY

Suryajyoti Spinning Mills Ltd said its normalized net income for the fiscal first quarter ended June 30 was a loss of 79 Indian paise per share, compared with a loss of 1.15 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 15.7 million rupees, compared with a loss of 22.7 million rupees in the year-earlier period.

The normalized profit margin rose to negative 1.5% from negative 2.0% in the year-earlier period.

Total revenue decreased 6.8% year over year to 1.04 billion rupees from 1.12 billion rupees, and total operating expenses fell 8.6% year over year to 983.3 million rupees from 1.08 billion rupees.

Reported net income totaled a loss of 25.1 million rupees, or a loss of 1.27 rupees per share, compared to a loss of 25.4 million rupees, or a loss of 1.29 rupees per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.