trending Market Intelligence /marketintelligence/en/news-insights/trending/NY-s58Y5QX0l0zpYumbvqQ2 content esgSubNav
In This List

Rasandik Engineering Industries India swings to loss in fiscal Q1


Root & Branch - June 2021: Greenium, Transparency and Advent


LCD Monthly: ESG Sustainability linked bonds offer pricing perk


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

Rasandik Engineering Industries India swings to loss in fiscal Q1

Rasandik Engineering Industries India Ltd said its normalized net income for the fiscal first quarter ended June 30 amounted to a loss of 86 Indian paise per share, compared with 42 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 a loss of 4.1 million rupees, compared with income of 2.0 million rupees in the prior-year period.

The normalized profit margin fell to negative 0.8% from 0.4% in the year-earlier period.

Total revenue grew 17.7% on an annual basis to 523.1 million rupees from 444.4 million rupees, and total operating expenses climbed 20.9% from the prior-year period to 500.3 million rupees from 413.9 million rupees.

Reported net income totaled a loss of 6.5 million rupees, or a loss of 1.38 rupees per share, compared to income of 2.5 million rupees, or 54 paise per share, in the prior-year period.

As of Aug. 14, US$1 was equivalent to 60.85 Indian rupees.