trending Market Intelligence /marketintelligence/en/news-insights/trending/i_9RoClRTUa0F6VboVmSNw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Ravi Kumar Distilleries swings to profit in fiscal Q1


M&A rebound sparks optimism for near-term deal activity


Fintech Intelligence Newsletter: February 2021


Q&A: Navigating Climate Risk as a Financial Risk


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

Ravi Kumar Distilleries swings to profit in fiscal Q1

Ravi Kumar Distilleries Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 8 Indian paise per share, compared with a loss of 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 2.1 million rupees, compared with a loss of 6.9 million rupees in the year-earlier period.

The normalized profit margin rose to 1.6% from negative 8.3% in the year-earlier period.

Total revenue increased 56.6% year over year to 130.2 million rupees from 83.1 million rupees, and total operating expenses rose 48.9% on an annual basis to 126.6 million rupees from 85.0 million rupees.

Reported net income came to 3.5 million rupees, or 14 paise per share, compared to a loss of 11.0 million rupees, or a loss of 46 paise per share, in the prior-year period.

As of Aug. 12, US$1 was equivalent to 64.75 Indian rupees.