trending Market Intelligence /marketintelligence/en/news-insights/trending/LZTJ9wWxFjGCBjvPzAoBMg2 content esgSubNav
In This List

Agriauto Industries fiscal Q1 profit climbs 86.2% 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


Agriauto Industries fiscal Q1 profit climbs 86.2% YOY

Agriauto Industries Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 2.44 Pakistani rupees per share, an increase of 85.7% from 1.31 rupees per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 70.4 million rupees, a gain of 86.2% from 37.8 million rupees in the year-earlier period.

The normalized profit margin increased to 7.2% from 5.0% in the year-earlier period.

Total revenue rose 30.8% year over year to 982.3 million rupees from 751.3 million rupees, and total operating expenses climbed 26.5% from the prior-year period to 874.3 million rupees from 691.2 million rupees.

Reported net income increased 92.8% from the prior-year period to 78.8 million rupees, or 2.73 rupees per share, from 40.9 million rupees, or 1.42 rupees per share.

As of Oct. 28, US$1 was equivalent to 103.05 Pakistani rupees.