trending Market Intelligence /marketintelligence/en/news-insights/trending/Mjzs5aMiRytmAg1kt8WqwQ2 content esgSubNav
In This List

Sambandam Spinning Mills swings to loss in fiscal Q3

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


Sambandam Spinning Mills swings to loss in fiscal Q3

Sambandam Spinning Mills Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to a loss of 5.84 Indian rupees per share, compared with 1.97 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 24.9 million rupees, compared with income of 8.4 million rupees in the year-earlier period.

The normalized profit margin declined to negative 4.3% from 1.3% in the year-earlier period.

Total revenue declined 13.6% year over year to 578.5 million rupees from 669.3 million rupees, and total operating expenses declined 4.9% year over year to 593.7 million rupees from 624.3 million rupees.

Reported net income came to a loss of 25.9 million rupees, or a loss of 6.06 rupees per share, compared to income of 8.4 million rupees, or 1.98 rupees per share, in the prior-year period.

As of Feb. 6, US$1 was equivalent to 61.94 Indian rupees.