trending Market Intelligence /marketintelligence/en/news-insights/trending/jeKczYLDH6DRQrVPAU8Vcg2 content esgSubNav
In This List

Pradip Overseas fiscal Q1 loss narrows YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans


Pradip Overseas fiscal Q1 loss narrows YOY

Pradip Overseas Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to 204.9 million rupees, compared with a loss of 208.5 million rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 13.9% from negative 13.5% in the year-earlier period.

Total revenue fell on an annual basis to 1.48 billion rupees from 1.55 billion rupees, and total operating expenses decreased 12.0% year over year to 1.53 billion rupees from 1.74 billion rupees.

Reported net income totaled a loss of 312.1 million rupees, compared with a loss of 283.7 million rupees in the prior-year period.

As of Aug. 13, US$1 was equivalent to 61.07 Indian rupees.