trending Market Intelligence /marketintelligence/en/news-insights/trending/gQW9CPy9ut5ShkzbgKARRg2 content esgSubNav
In This List

Modi Naturals fiscal Q1 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


Modi Naturals fiscal Q1 profit falls YOY

Modi Naturals Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 4 Indian paise per share, a decline of 61.1% from 11 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 481,250 rupees, a decline of 60.4% from 1.2 million rupees in the year-earlier period.

The normalized profit margin dropped to 0.1% from 0.4% in the year-earlier period.

Total revenue increased 17.5% year over year to 399.9 million rupees from 340.4 million rupees, and total operating expenses grew 17.3% from the prior-year period to 393.3 million rupees from 335.2 million rupees.

Reported net income decreased 60.4% year over year to 770,000 rupees, or 7 paise per share, from 1.9 million rupees, or 18 paise per share.

As of Aug. 12, US$1 was equivalent to 61.08 Indian rupees.