trending Market Intelligence /marketintelligence/en/news-insights/trending/h3cEcyoFSqxcLOfZePnfzQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Mayur Leather Products swings to loss in fiscal Q1

Blog

Q&A: Navigating Climate Risk as a Financial Risk

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity


Mayur Leather Products swings to loss in fiscal Q1

Mayur Leather Products Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 6 Indian paise per share, compared with 92 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 281,880 rupees, compared with income of 4.5 million rupees in the year-earlier period.

The normalized profit margin dropped to negative 0.4% from 6.4% in the year-earlier period.

Total revenue declined on an annual basis to 67.5 million rupees from 70.1 million rupees, and total operating expenses increased 7.4% on an annual basis to 68.4 million rupees from 63.7 million rupees.

Reported net income totaled a loss of 612,000 rupees, or a loss of 13 paise per share, compared to income of 5.7 million rupees, or 1.17 rupees per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to 65.08 Indian rupees.