trending Market Intelligence /marketintelligence/en/news-insights/trending/KaP6MdJHrsSCQW_iISz9sw2 content esgSubNav
In This List

Dharani Finance fiscal Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Dharani Finance fiscal Q1 profit falls YOY

Dharani Finance Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 8 Indian paise per share, a decrease of 75.6% from 33 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 398,750 rupees, a decline of 76.0% from 1.7 million rupees in the prior-year period.

The normalized profit margin declined to 7.7% from 28.5% in the year-earlier period.

Total revenue declined 10.8% on an annual basis to 5.2 million rupees from 5.8 million rupees, and total operating expenses declined 47.5% on an annual basis to 4.8 million rupees from 9.1 million rupees.

Reported net income fell 77.5% year over year to 638,000 rupees, or 13 paise per share, from 2.8 million rupees, or 57 paise per share.

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