trending Market Intelligence /marketintelligence/en/news-insights/trending/mRycTYGzTQq6WeG-Vquz3Q2 content esgSubNav
In This List

Maral Overseas fiscal Q1 profit falls YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Podcast

Next in Tech | Episode 71: Buy Now Pay Later: More than modern layaway?

Blog

World Exploration Trends 2022

Blog

Infographic: Spotlight: Philippine Battery Metals Outlook


Maral Overseas fiscal Q1 profit falls YOY

Maral Overseas Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to 54 Indian paise per share, a decline of 39.2% from 88 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 35.6 million rupees, a decline of 42.3% from 61.8 million rupees in the prior-year period.

The normalized profit margin fell to 2.2% from 4.0% in the year-earlier period.

Total revenue rose 6.9% on an annual basis to 1.64 billion rupees from 1.53 billion rupees, and total operating expenses rose 12.8% on an annual basis to 1.57 billion rupees from 1.39 billion rupees.

Reported net income declined 51.9% year over year to 45.1 million rupees, or 68 paise per share, from 93.7 million rupees, or 1.34 rupees per share.

As of July 25, US$1 was equivalent to 60.01 Indian rupees.