trending Market Intelligence /marketintelligence/en/news-insights/trending/gT14vw0tyHFKyRxA4_krJw2 content esgSubNav
In This List

KMG Milk Food 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


KMG Milk Food fiscal Q3 profit falls YOY

KMG Milk Food Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 25 Indian paise per share, a decrease of 14.9% from 29 paise per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.3 million rupees, a decrease of 15.7% from 1.6 million rupees in the prior-year period.

The normalized profit margin declined to 28.3% from 31.1% in the year-earlier period.

Total revenue decreased 7.5% year over year to 4.6 million rupees from 5.0 million rupees, and total operating expenses came to 2.5 million rupees, compared with 2.5 million rupees in the year-earlier period.

Reported net income declined 15.7% on an annual basis to 2.1 million rupees, or 40 paise per share, from 2.5 million rupees, or 47 paise per share.

As of Feb. 13, US$1 was equivalent to 62.03 Indian rupees.