trending Market Intelligence /marketintelligence/en/news-insights/trending/jWXL_ieCSspA1nWgmbIGgw2 content esgSubNav
In This List

TCI Industries fiscal Q1 loss narrows YOY

Case Study

A Sports League Maximizes Revenue from Media Rights

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


TCI Industries fiscal Q1 loss narrows YOY

TCI Industries Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 41 Indian paise per share, compared with a loss of 96 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 a loss of 370,630 rupees, compared with a loss of 858,130 rupees in the year-earlier period.

The normalized profit margin declined to negative 16.8% from negative 14.8% in the year-earlier period.

Total revenue fell 62.0% on an annual basis to 2.2 million rupees from 5.8 million rupees, and total operating expenses declined 58.3% from the prior-year period to 3.1 million rupees from 7.5 million rupees.

Reported net income totaled a loss of 593,000 rupees, or a loss of 66 paise per share, compared to a loss of 1.4 million rupees, or a loss of 1.53 rupees per share, in the prior-year period.

As of Aug. 3, US$1 was equivalent to 63.97 Indian rupees.