trending Market Intelligence /marketintelligence/en/news-insights/trending/NjeqXOOlhsRytCsRi6gG6A2 content esgSubNav
In This List

Suryalata Spinning Mills fiscal Q1 profit climbs 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


Suryalata Spinning Mills fiscal Q1 profit climbs YOY

Suryalata Spinning Mills Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 8.10 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 8.04 rupees per share.

EPS climbed year over year from 3.42 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 29.8 million rupees, a gain from 12.6 million rupees in the year-earlier period.

The normalized profit margin climbed to 3.1% from 1.6% in the year-earlier period.

Total revenue grew 21.4% year over year to 974.9 million rupees from 803.0 million rupees, and total operating expenses increased 19.7% from the prior-year period to 900.1 million rupees from 751.8 million rupees.

Reported net income grew from the prior-year period to 31.4 million rupees, or 8.55 rupees per share, from 13.3 million rupees, or 3.62 rupees per share.

As of Aug. 6, US$1 was equivalent to 61.34 Indian rupees.