trending Market Intelligence /marketintelligence/en/news-insights/trending/KtlNksDFL25oN0Ok8ZYJuA2 content esgSubNav
In This List

GTN Industries fiscal Q1 loss narrows 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

Volume of Investment Research Reports on Inflation Increased in Q4 2021


GTN Industries fiscal Q1 loss narrows YOY

GTN Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 came to a loss of 83 Indian paise per share, compared with a loss of 1.91 rupees 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 13.0 million rupees, compared with a loss of 33.5 million rupees in the year-earlier period.

The normalized profit margin climbed to negative 1.2% from negative 3.2% in the year-earlier period.

Total revenue climbed 6.8% on an annual basis to 1.11 billion rupees from 1.04 billion rupees, and total operating expenses climbed from the prior-year period to 1.08 billion rupees from 1.05 billion rupees.

Reported net income totaled a loss of 20.8 million rupees, or a loss of 1.32 rupees per share, compared to a loss of 53.6 million rupees, or a loss of 3.06 rupees per share, in the prior-year period.

As of Aug. 7, US$1 was equivalent to 61.24 Indian rupees.