trending Market Intelligence /marketintelligence/en/news-insights/trending/p4k-qmUVsYy7sCD2YGE-lg2 content esgSubNav
In This List

Bharat Seats fiscal Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Bharat Seats fiscal Q3 profit falls YOY

Bharat Seats Ltd said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 27 Indian paise per share, a decrease of 54.0% from 59 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 8.4 million rupees, a decline of 54.3% from 18.3 million rupees in the prior-year period.

The normalized profit margin fell to 0.5% from 1.0% in the year-earlier period.

Total revenue declined on an annual basis to 1.72 billion rupees from 1.77 billion rupees, and total operating expenses declined from the prior-year period to 1.70 billion rupees from 1.73 billion rupees.

Reported net income declined 43.7% on an annual basis to 11.8 million rupees, or 38 paise per share, from 20.9 million rupees, or 67 paise per share.

As of Jan. 18, US$1 was equivalent to 67.68 Indian rupees.