trending Market Intelligence /marketintelligence/en/news-insights/trending/i_wD-zsho7UI6-T5Cv5ikg2 content esgSubNav
In This List

SPL Industries swings to profit in fiscal Q4

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Discovery+ dives into a crowded US OTT video market

Case Study

An Investment Manager Discovers an Efficient Way to Identify Valuable Data

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure


SPL Industries swings to profit in fiscal Q4

SPL Industries Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 18 Indian paise per share, compared with a loss of 5 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 5.3 million rupees, compared with a loss of 1.5 million rupees in the prior-year period.

The normalized profit margin increased to 2.4% from negative 1.4% in the year-earlier period.

Total revenue increased 99.8% year over year to 222.5 million rupees from 111.4 million rupees, and total operating expenses increased 88.1% on an annual basis to 215.0 million rupees from 114.3 million rupees.

Reported net income came to 8.7 million rupees, or 30 paise per share, compared to a loss of 8.8 million rupees, or a loss of 30 paise per share, in the prior-year period.

For the year, the company's normalized net income totaled 12 paise per share, a decrease of 83.9% from 73 paise per share in the prior year.

Normalized net income was 3.4 million rupees, a fall of 84.0% from 21.3 million rupees in the prior year.

Full-year total revenue grew 31.2% on an annual basis to 597.3 million rupees from 455.3 million rupees, and total operating expenses increased 41.5% on an annual basis to 595.6 million rupees from 420.8 million rupees.

The company said reported net income fell 81.0% year over year to 5.2 million rupees, or 18 paise per share, in the full year, from 27.4 million rupees, or 94 paise per share.

As of Aug. 5, US$1 was equivalent to 63.80 Indian rupees.