trending Market Intelligence /marketintelligence/en/news-insights/trending/EFLmuwJ5OxfpwIS3uNfOnQ2 content esgSubNav
In This List

Simbhaoli Sugars fiscal Q1 loss narrows YOY

Blog

Municipal CUSIP Request Volumes Climbs for Fourth Straight Month

Blog

Corporate Credit Risk Trends in Developing Markets: An Expected Credit Loss (ECL) Perspective

Video

Root & Branch - June 2021: Greenium, Transparency and Advent

Blog

LCD Monthly: ESG Sustainability linked bonds offer pricing perk


Simbhaoli Sugars fiscal Q1 loss narrows YOY

Simbhaoli Sugars Ltd said its normalized net income for the fiscal first quarter ended June 30 was a loss of 7.95 Indian rupees per share, compared with a loss of 9.51 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 a loss of 219.7 million rupees, compared with a loss of 263.8 million rupees in the year-earlier period.

The normalized profit margin dropped to negative 10.0% from negative 8.6% in the year-earlier period.

Total revenue decreased 28.2% on an annual basis to 2.19 billion rupees from 3.05 billion rupees, and total operating expenses fell 28.7% on an annual basis to 2.23 billion rupees from 3.13 billion rupees.

Reported net income totaled a loss of 345.9 million rupees, or a loss of 12.52 rupees per share, compared to a loss of 418.2 million rupees, or a loss of 15.08 rupees per share, in the year-earlier period.

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