trending Market Intelligence /marketintelligence/en/news-insights/trending/FD4SfWSu7LNQA-gv7R-1bw2 content esgSubNav
In This List

GS Auto International fiscal Q1 loss widens YOY

Blog

HDFC Securities Investment Research Now Available through S&P Capital IQ Pro

Podcast

MediaTalk | Season 2
Ep.2 Back to the Box Office

Blog

The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


GS Auto International fiscal Q1 loss widens YOY

G.S. Auto International Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 55 Indian paise per share, compared with a loss of 22 paise 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 8.1 million rupees, compared with a loss of 2.6 million rupees in the year-earlier period.

The normalized profit margin dropped to negative 2.2% from negative 0.9% in the year-earlier period.

Total revenue grew 21.3% year over year to 364.2 million rupees from 300.2 million rupees, and total operating expenses grew 21.7% from the prior-year period to 362.8 million rupees from 298.2 million rupees.

Reported net income totaled a loss of 10.0 million rupees, or a loss of 69 paise per share, compared to a loss of 3.0 million rupees, or a loss of 25 paise per share, in the year-earlier period.

As of July 31, US$1 was equivalent to 60.88 Indian rupees.