trending Market Intelligence /marketintelligence/en/news-insights/trending/L-kbx6z7kpTqgkYTlL_OLQ2 content esgSubNav
In This List

Sri Ramakrishna Mills fiscal Q3 loss widens 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


Sri Ramakrishna Mills fiscal Q3 loss widens YOY

Sri Ramakrishna Mills (Coimbatore) Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 94 Indian paise per share, compared with a loss of 18 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 a loss of 6.7 million rupees, compared with a loss of 1.3 million rupees in the year-earlier period.

The normalized profit margin fell to negative 23.2% from negative 4.1% in the year-earlier period.

Total revenue declined 5.2% year over year to 29.0 million rupees from 30.6 million rupees, and total operating expenses rose 11.0% year over year to 34.0 million rupees from 30.6 million rupees.

Reported net income came to a loss of 10.7 million rupees, or a loss of 1.51 rupees per share, compared to a loss of 2.0 million rupees, or a loss of 28 paise per share, in the prior-year period.

As of Feb. 11, US$1 was equivalent to 62.51 Indian rupees.