trending Market Intelligence /marketintelligence/en/news-insights/trending/GzqDsybRqDBdcvaUAXlfqw2 content esgSubNav
In This List

Tata Textile Mills swings to profit in fiscal Q3

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


Tata Textile Mills swings to profit in fiscal Q3

Tata Textile Mills Ltd. said its normalized net income for the fiscal third quarter ended March 31 was 1.28 Pakistani rupees per share, compared with a loss of 1.53 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 22.1 million rupees, compared with a loss of 26.5 million rupees in the year-earlier period.

The normalized profit margin rose to 1.8% from negative 2.0% in the year-earlier period.

Total revenue decreased on an annual basis to 1.25 billion rupees from 1.32 billion rupees, and total operating expenses declined 8.3% year over year to 1.19 billion rupees from 1.29 billion rupees.

Reported net income totaled 20.9 million rupees, or 1.21 rupees per share, compared to a loss of 56.2 million rupees, or a loss of 3.24 rupees per share, in the year-earlier period.

As of May 1, US$1 was equivalent to 101.69 Pakistani rupees.