trending Market Intelligence /marketintelligence/en/news-insights/trending/McZuGURDWwYZHq00KAlrmw2 content esgSubNav
In This List

Dharani Finance swings to loss in fiscal Q1

Blog

HDFC Securities Investment Research Now Available through S&P Capital IQ Pro

Podcast

MediaTalk | Season 2
Ep.2 Back to the Box Office

Blog

The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


Dharani Finance swings to loss in fiscal Q1

Dharani Finance Ltd said its normalized net income for the fiscal first quarter ended June 30 was a loss of 18 Indian paise per share, compared with 8 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 862,500 rupees, compared with income of 398,750 rupees in the prior-year period.

The normalized profit margin dropped to negative 19.1% from 7.7% in the year-earlier period.

Total revenue decreased 13.3% on an annual basis to 4.5 million rupees from 5.2 million rupees, and total operating expenses climbed 26.4% year over year to 6.0 million rupees from 4.8 million rupees.

Reported net income came to a loss of 1.4 million rupees, or a loss of 28 paise per share, compared to income of 638,000 rupees, or 13 paise per share, in the prior-year period.

As of Aug. 13, US$1 was equivalent to 65.29 Indian rupees.