trending Market Intelligence /marketintelligence/en/news-insights/trending/mr9lL7F-WuO71ZMGB6MTHw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Mihika Industries fiscal Q1 profit falls YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Mihika Industries fiscal Q1 profit falls YOY

Mihika Industries Ltd said its normalized net income for the fiscal first quarter ended June 30 was 3 Indian paise per share, a decline of 80.8% from 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 318,130 rupees, a decrease of 82.3% from 1.8 million rupees in the prior-year period.

The normalized profit margin fell to 13.3% from 53.4% in the year-earlier period.

Total revenue fell 28.6% year over year to 2.4 million rupees from 3.4 million rupees, and total operating expenses declined 9.0% from the prior-year period to 3.9 million rupees from 4.3 million rupees.

Reported net income fell 84.6% on an annual basis to 374,000 rupees, or 4 paise per share, from 2.4 million rupees, or 24 paise per share.

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